YES BANK Leads India’s Digital Banking with 55.3% Share in UPI Transactions

News Desk, News Nation 360 : With a 55.3% market share as a payee PSP and a 33.3% share as a payer PSP in UPI, YES BANK, the sixth-largest private sector bank in India, strengthened its position as a leader in the digital space in Q1 FY26. Along with a 24% share in NEFT transactions, the Bank leads the Aadhaar-enabled Payment System (AePS) with around 30% of transactions and a partner network of over 7.9 lakh outlets nationally. YES BANK, a digital-first bank, consolidates more than 1,500 APIs to provide real-time operations and provides 92% of individual saving accounts, 93% of current accounts, and 98% of credit cards digitally on its flagship IRIS and IRIS BIZ super apps. These applications provide a frictionless digital banking experience with over 150 features like instant payments, UPI transactions, instant money transfers, account opening in digital form, credit card management, loans, investments, insurance solutions, and many more, all secured through robust authentication mechanisms. YES BANK actively supports India's Digital Public Infrastructure through significant contributions in areas such as Central Bank Digital Currency (CBDC), Open Credit Enablement Network (OCEN), Open Network for Digital Commerce (ONDC), and embedded finance, in addition to customer-led endeavors like 'Deliver the Bank,' which reflects its focus on pushing the digital revolution in banking and financial services. Ajay Rajan, Country Head - Transaction Banking Government, MNC & New Economy Business, IBU & Knowledge Units, YES BANK, stated that their broader objective has included enhancing resilience in Indian banking and promoting financial inclusion for all. This change is demonstrated by the magnitude attained by their digital platforms. By fusing creativity with digital infrastructure and tech tools, they are honoured to be a part of and leaders in the digital revolution of Indian banking, facilitating financial access throughout the nation.

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