Yes Bank, Obopay to launch mobile money transfer
Indian financial services provider Yes Bank is set to launch a mobile money transfer service called ‘Pay Anyone’ in partnership with US m-payments provider Obopay.
Expected to be launched during the coming two months, Pay Anyone will enable Yes Bank customers to transfer money between Yes Bank accounts as well as between Yes Bank accounts and other banks’ accounts through their mobile phones.
On top money transfers, the new service will let users book tickets and pay for mobile top-ups, among others. At present, the bank offers its clients a mobile payment service called ‘Person to Person’, which gives Yes Bank customers the possibility to send money only between Yes Bank accounts through Obopay’s mobile payment service.
Yes Bank currently has 5,000 customers who are using the bank’s mobile payment services throughout the country. The financial services provider has 117 branches across India, of which 58 percent are located in the north of the country.
Source: ThePaypers
