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SMS Pay Function —By Yes Bank and Wordline

Published on November 28, 2020
Current Context: Yes Bank has entered into a partnership with Worldline to launch SMS Pay function.
SMS Pay Function —By Yes Bank and Wordline
  • The SMS Pay function is launched on PoS (Point of Sale) terminals. 
  • The function enables merchants to perform contactless and remote payment transactions in a safe and secured manner.
  • The aim behind launching SMS Pay function by Yes Bank is to support small and medium businesses sectors.
  • This function allows performing payments against invoices by entering the amount and contact details of customers in the PoS machine. 
  • After entering the details, an SMS will be triggered on the customer’s mobile number with a payment link which will allow payment in a secure manner through domestic debit and credit cards. 
  • And once the payment is complete, charge slip is generated from the POS machine and merchant can deliver goods or services. 
  • Static Part: 
    • HQ of Yes Bank: Mumbai
    • MD and CEO of Yes Bank: Prashant Kumar
    • Tagline of Yes Bank: Experience our Expertise
    • HQ of Wordline: Bezos, France

Question: 

Q.1 Who among the following launched SMS Pay function for payment transactions of a small and medium business in partnership with Worldline?
a. Kotak Mahindra Bank
b. Karnataka Bank
c. ICICI Bank
d. Yes Bank
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