Yes Bank Limited

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Migrant workers send their hard earned money to their families, who are generally dependent on it. They used to waste an average day of productive work to remit money. YES BANK through its initiative YES Money offers the solution that has made remittance faster, convenient and flexible. To offer the services, the bank has realigned the available infrastructure of Banking Correspondent Agents and leveraged the available NEFT technology platform to facilitate the public-at-large to deposit cash at these BC outlets and request for remitting the money to any of the 88,000 bank branches across the country. The business case for developing this product was built on the market principle of “creating opportunity from the resources available within.” Over 15-million remittance transactions have been done since inception amounting to Rs. 6,222 crore. Moving forward, YES BANK aspires to become the largest remitter of India in the next two years.