Yes Bank will bring such an ATM, neither card nor PIN

Yes Bank and Nirbay have worked closely with the National Payments Corporation of India to start this service.

New Delhi: Customers of YES Bank of Private Sector will now be able to get an ATM card which they will not need to run the card nor the PIN. It would be possible to get the new technology that YES Bank can get through its new agreement.

Yes Bank has signed a contract with NearBay Tech,
YES Bank has tied up with the start-up buyout technology of Fintech area. Under this agreement, an ATM will be provided to Yes Bank customers based on NearBay Tech Bank, which will not require a card or PIN. Customers will be able to deposit and withdraw money to retailers. Yes Bank and Nirbay have worked closely with the National Payments Corporation of India to start this service.

How will this ATM work

• YES Bank said in the statement that the PenierBoy mobile application will be used on a smartphone. In this, a retailer will be able to work as a base bank ATM-base bank branch and facilitate the deposit or withdrawal of cash.


• Using the Aadhaar number and fingerprint, the customer will be able to withdraw cash from them or make any other transaction.


• Penierbay basis will be available through ATM YES Bank and Business Correspondent. Its network will have 40,000 touch points.

Nearbay has signed a deal with retailers association of India to popularize the Aadhar services and popularize it. Under this, customers will be made aware and this service will be provided to the remote places of the country. Founder of Nirbay Technologies, Anandkumar Bajaj said that with this service, our aim is to provide facility for payment. Yes Bank's Chief Digital Officer Ritesh Pai said that through this alliance, we want to fulfill the dream of a less cash economy.