Taisys Technologies announced it entered into a strategic partnership with YES BANK, one of India's largest private sector bank, to develop a mobile banking platform. 

 

Taisys India and YES BANK will work together on a platform to issue ultra-thin mobile banking SIM - worldwide patented technology from Taisys . 

 

This collaboration allows mobile phone users to enjoy secured fund transfer, wallet transfer, merchant payment, VAS payments across the entire segment of mobile devices including feature phones. It will be done by integrating Taisys   m-Banking platform with YES BANK Money, a Domestic Remittance Service designed to meet the remittance needs of migrants, unbanked and under-banked population in India. 

 

Anand K Bajaj, president and head digital payments & mobility at YES BANK says, "We are pleased to partner with   Taisys   for this innovative solution which will augur positive impact into India . At a time when Apps and SIM are at a cusp and pondering at challenges of connectivity and security in the hands of masses, we believe   Taisys   solution which is Telco and Handset agnostic, will make a huge difference."  

 

YES BANK is a leader in Digital Payments space in India and has pioneered various payment solutions. NPCI is also collaborating with   Taisys   to build a common platform to provide mobile banking to all other banks.

 

Taisys chairman Jason Ho adds, "Our mission is digital India. Taisys' solution eliminates investment in further infrastructure for digitizing mobile banking in rural and urban India and it will drastically help accelerate the digitalization of the country.”

 

Taisys Technologies has recently set up its Indian operation and R&D center and sees great potential for growth in the Indian mobile banking market.