Wirecard partners with YES BANK to broaden availability of biometric financial services
Wirecard and YES BANK are partnering to extend the scope of biometric digital payments with India’s Aadhaar Enabled Payment System to drive financial inclusion in the country, according to a company announcement.
YES BANK is the fourth largest private sector bank in India, and Wirecard retail agents will serve as customer representatives across the country, supported by the bank’s infrastructure, to provide cash withdrawals and deposits, bank to bank transfers, and other essential financial services. Millions of consumers could benefit from the availability of daily financial services quickly approved with fingerprint recognition, Wirecard says.
“We are delighted to partner with YES BANK and empower residents of India, especially those who live in rural areas and cannot easily access financial institutions, with the tools to manage their finances in an efficient and secure way,” comments Anil Kapur, Managing Director for India at Wirecard. “Our wide-ranging retail agent network has once again proven to be an ideal solution for companies and industries in India seeking a nationwide service provider for their digital financial needs.”
More than 1.2 billion residents of India have now registered for biometric Aadhaar identification.
Wirecard introduced a payment terminal with palm biometric capabilities last month.