NEWS & ADVICE : CREDIT CARDS
KVB launches YPaycash-mobile wallet in Coimbatore
By Ankit Sharma
Mar 15, 2013
Print    Email    RSS   

Tamil Nadu based lender, Karur Vysya Bank and Y-Cash Software Solutions launched an innovative mobile wallet- YPaycash in Coimbatore.

YPaycash is a prepaid mobile wallet and it supports various kinds of payments including payments at retail shops, mobile recharge, DTH recharge and fund transfer, said Mr. Ravi Jagannathan, Vice-Chairman, Y-Cash Software Solution.

The company's aim was to enroll small and mid-sized merchants who typically did not use credit/debit card payment system, Mr. Jagannathan said.

The mobile wallet was already launched in Chennai three months ago and the platform received tremendous response and over 4000 retail merchants had already signed up, said Mr. M Sathish Kumar, vice-president (Business and Operations), Mobile Payment.

Partnership with Karur Vysya Bank has strengthened the company's reach to the market helping in positioning YPaycash as the non-cash instrument of choices for retailers in Tamil Nadu, said Mr. Jagannathan.

The platform would be launched across the cities and town in Tamil Nadu soon and across the country in another three years, added Mr. Jagannathan.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
How to select a co-branded credit card?
Credit profile and its effect on loan...
Multi-currency card- A hassle-free...
Disputing errors in a credit report
South Indian Bank launches Mobile banking...


Good Morning, i forgot my FCMB Account Number and...
Radhey@09646870399 @Escoℛts In#Chandigarh...
Radhey@09646870399 @Escoℛt In#Chandigarh...

NEWS THIS WEEK
91st Founders day of the Karnataka Bank Feb 18, 2015
Banks on strike from 25th February Feb 16, 2015
SBT bank postponed the Open House meet Feb 13, 2015
Yes bank planning to line up for credit card portfolio Feb 12, 2015
Pocket banking – new app by ICICI bank Feb 11, 2015
News Archive