Fintech API platform for FidyPay on Thursday said it has partnered with Yes Bank, a move that will extend the digital help to a wide scope of businesses, including SMEs, Fintechs, and start-ups. As a component of the alliance, FidyPay will be enabling a seamless connected banking experience to Yes Bank’s clients, it said in a release.
Aside from this, FidyPay will likewise be the solution provider for UPI services.
The organization said it is looking forward to take care of 10 million SME, MSME through such banking collaborations as well as broad network of government channels which Yes Bank has gained over the course of the years to enable them on digital payment integrated solutions.
“Strategic partnership with Yes Bank is a huge jump for FidyPay, equipping it to take care of a wider market,” it said.
The organization said it is further eyeing a deeper market penetration with this tie-up, across India. The affiliation will be an enabler for FidyPay to strengthen its existing product line and emerge as a trusted tech partner for banks, corporates, MSMEs, SMEs, start-ups and the sky is the limit from there.
FidyPay said it is working with the private sector lender on multiple utilization cases which includes UPI, API banking, prepaid cards, escrow accounts, PA licensing, eRUPI, among others.