Reported by: banking|Updated: August 31, 2017
YES Bank has partnered with Bonus Hub to enable acceptance of UPI and multiple mobile wallets. The wallets include YES Pay, Idea Money, Jio Money, mPesa, Ola Money, Citrus, Airtel Money, Freecharge and Oxigen. The bank said the new solution will be implemented across more than 80,000 merchants by the end of the financial year. The bank is also adding BharatQR as well. The UPI and BharatQR have different merchant discount rates and Bonus Hub is looking to simplify for merchants and will provide them a single window alliance for acceptance of UPI and multiple wallets, as well as settlement and reconciliation.