NEW DELHI: Yes Bank announced on Thursday that it has partnered with Amazon Pay and Amazon Web Services (AWS) to offer customers an instant payment system through the Unified Payment Interface (UPI).

The integration will enable Amazon Pay to issue UPI IDs with the @yapl handle and enable customers to make secure, fast and convenient payments, the bank said in its statement.

“The collaboration with Amazon Pay and AWS is another milestone for Yes Bank, one of the market leaders in UPI payments. In the 2020-21 financial year, Yes Bank recorded a market share of around 40% by volume in the UPI ecosystem and around 30% by volume in the UPI Merchant Acquiring business, “said the private lender.

Yes Bank will be able to acquire merchants via the Amazon Pay platform, thereby expanding its presence in the UPI merchant business segment.

“… Yes Bank is proud to announce its partnership with Amazon Pay and AWS. With this…

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