- 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
a. Kotak Mahindra Bank
b. Karnataka Bank
c. ICICI Bank
d. Yes Bank
