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