Yes Bank has empowered 8 leading educational campuses by enabling digitization across India through cashless payment solutions. This helps in reducing the turnaround time for transaction processing. The Bank aims to provide convenient and seamless payment experience through a mix of solutions including offline UPI having VPA (Virtual Payment Address), QR Code based payments, dynamic VPA based collections and Payment Gateway options. The 8 campuses that will go 100% cashless are Emmanuel English Higher Secondary School and New Oxford School in Silchar, Shri Ram Centennial School, Uttam Institute of Management Studies and G.D. Goenka Public School in Agra, Mussoorie International School, Mussoorie, Whistling Woods International, Mumbai and Silver Bells English Medium School, Nashik. Ritesh Pai, Chief Digital Officer of the bank, said digitizing educational institutions will encourage students to adopt digital payments in their formative years and gradually transform India into a digitally empowered society. The solutions are a step towards revolutionizing the payments infrastructure across education campuses in India, he added. The bank intends to collaborate with other institutions for similar innovative digital initiatives, he added.
