As a part of this alliance Click&Pay will issue Yes Bank sponsored mobile wallets and employ the banks immediate payment service (IMPS) payments platform which will help Click&Pay to process instant proximity transactions with merchants and person to person.
Last month, Yes Bank signed a memorandum of understanding with Hyderabad start up incubation center, T-Hub to work with the latters portfolio companies, including Click&Pay, mobile payment solutions startup.
More than that, Click&Pay will reach out to around 1 million users this year by issuing the Yes Bank sponsored mobile wallet, according to a statement.
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