Indus OS partners Yes Bank to be the first to have integrated UPI platform

By : |July 5, 2017 0

Indus OS, India’s local mobile operating system has partnered Yes Bank to launch India’s first OS-integrated United Payments Interface (UPI) platform. This means that users will not have to download and store an external app. They can conveniently use the UPI payment platform directly on the SMS/ Messaging and Dialler interface, and even on third party apps. The payment platform is expected to launch within this quarter.

“The OS-integrated UPI payment platform built by us allows for more deep and contextual integration with the smartphone experience. With Indus OS’ technological know-how and Yes Bank’s expertise in banking, the output will surely be a success and set high benchmarks in the digital banking space,” said Rakesh Deshmukh, co-Founder and CEO of Indus OS.

As part of the new integration, the Indus Keyboard will have a ₹ symbol through which users can initiate UPI transactions within the messaging/chatting app. They can directly transfer money to the person they are chatting with by simply clicking the symbol. Users can also transfer money to anyone in their contact list.

Yes Bank says that it handles close to 35 percent all UPI transactions in the country, and over 80 percent of the merchant transactions done on the UPI ecosystem. “Integrating UPI into the mobile OS will help in creating multiple use cases for payments and spur the adoption of UPI in our country,” said Ritesh Pai, Chief Digital Officer, Yes Bank.

This development comes soon after Indus OS announced its partnership to launch the first ever Aadhaar-authenticated OS. Indus OS is working towards linking both; the OS-integrated UPI payment platform and Aadhaar-authenticated OS to ensure a highly secure framework.

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