#YESBANK #DigitalBanking #UPI #AePS #Fintech #DigitalEconomy #FinancialInclusion #IndiaDigital #BankingInnovation #FutureOfBanking
Mumbai/Chandigarh – YES BANK, India’s sixth-largest private sector bank, has strengthened its position as a digital banking leader in Q1 FY26 by recording a remarkable 55.3% market share as a payee PSP in Unified Payments Interface (UPI) transactions. On the payer side, the Bank commands a 33.3% share, further consolidating its dominance in India’s largest digital payments ecosystem.
The Bank also leads in Aadhaar-enabled Payment System (AePS) transactions with nearly 30% market share, supported by a vast partner network of 7.9 lakh outlets nationwide. Adding to this, YES BANK has captured a 24% share in NEFT transactions, underlining its comprehensive presence across India’s digital payments spectrum.
Digital-First Approach Driving Growth
YES BANK’s achievements are rooted in its digital-first approach. Over the past few years, the Bank has built a resilient digital architecture that integrates 1,500+ APIs for real-time, secure, and scalable operations.
This has allowed the Bank to deliver seamless digital onboarding experiences:
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92% of individual savings accounts opened digitally
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93% of current accounts initiated digitally via IRIS BIZ super app
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98% of credit card issuances completed digitally
The Bank’s flagship apps, IRIS (for retail customers) and IRIS BIZ (for business clients), have emerged as cornerstone platforms that simplify account opening, payments, and day-to-day banking. Together, they are transforming how customers engage with banking by providing intuitive, secure, and paperless services.
Leadership in Digital Public Infrastructure
YES BANK has been a proactive participant in India’s Digital Public Infrastructure (DPI), playing a pioneering role in several nation-building initiatives:
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CBDC (Central Bank Digital Currency): Supporting the Reserve Bank of India’s digital rupee framework.
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OCEN (Open Credit Enablement Network): Driving credit democratization by enabling seamless access to small businesses and individuals.
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ONDC (Open Network for Digital Commerce): Facilitating digital commerce adoption for SMEs, kirana stores, and entrepreneurs.
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Embedded Finance: Partnering with fintechs and businesses to bring financial services directly into digital platforms, enhancing accessibility.
Through these initiatives, YES BANK is not only building its market presence but also reinforcing India’s ambition to become a truly digital economy.
Financial Inclusion at the Core
For YES BANK, leadership in digital payments is not just about scale but also about impact. By leveraging AePS and its wide network of partner outlets, the Bank ensures that digital banking reaches deep into India’s Tier 2, Tier 3, and rural areas, supporting financial inclusion at the grassroots level.
AePS, powered by Aadhaar-linked authentication, allows even unbanked or underbanked citizens to access banking services through local business correspondents. With nearly 30% of the AePS market share, YES BANK has become a critical enabler of last-mile financial access.
Mr. Ajay Rajan, Country Head – Transaction Banking Government, MNC & New Economy Business, IBU & Knowledge Units, YES BANK, emphasized this vision:
“Financial inclusion for all and building resilience in Indian banking has been part of our larger vision. The scale our digital platforms have achieved is proof of this shift. We are proud to participate and lead the digital transformation of Indian banking by combining innovation with digital infrastructure and tech tools, which enables financial access across the country.”
Innovation-Backed Customer Initiatives
YES BANK has complemented its infrastructure initiatives with customer-centric innovations. Programs like ‘Deliver the Bank’ are designed to provide personalised, seamless, and doorstep banking services, meeting the needs of an increasingly digital-savvy yet diverse customer base.
From instant account opening and real-time transactions to cash management and credit solutions, YES BANK is embedding innovation into every touchpoint. The Bank’s emphasis on tech-enabled customer journeys is also reflected in its partnerships with fintechs, e-commerce players, and government platforms, ensuring that its services remain relevant, accessible, and future-ready.
Driving India’s Digital Economy
YES BANK’s digital strategy positions it as more than just a bank; it is becoming an ecosystem player in India’s digital economy. By actively contributing to national initiatives like UPI, AePS, NEFT, CBDC, and ONDC, the Bank has carved out a unique identity as both a service provider and a digital enabler for individuals, businesses, and governments alike.
The Bank’s performance in Q1 FY26 illustrates its resilience, innovation-led focus, and customer trust. With half of India’s UPI payee transactions already flowing through its systems, YES BANK has established itself as an integral part of the nation’s digital payments backbone.
Roadmap Ahead
Looking forward, YES BANK is expected to:
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Scale further in UPI transactions as volumes rise with increasing adoption of QR payments and merchant integrations.
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Strengthen its AePS-led rural and semi-urban presence, ensuring broader penetration.
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Expand its API ecosystem to support embedded finance and cross-industry collaborations.
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Continue investing in AI-driven, personalised financial solutions to enhance customer experience.
Backed by its digital infrastructure, trust, and customer-centricity, YES BANK is well-positioned to remain at the forefront of India’s banking transformation.
Conclusion
YES BANK’s performance in Q1 FY26 reinforces its reputation as a digital-first, customer-focused institution. Its leadership in UPI, AePS, and NEFT highlights both its scale and its commitment to financial inclusion. By embracing innovation, embedding finance across platforms, and supporting India’s Digital Public Infrastructure, the Bank is shaping the next phase of India’s digital economy.
As India continues its journey towards becoming a fully digital society, YES BANK’s strategy reflects the future of banking—personalised, seamless, and accessible to all.
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#YESBANK #DigitalBanking #UPI #AePS #Fintech #DigitalEconomy #FinancialInclusion #IndiaDigital #BankingInnovation #FutureOfBanking
