Yes Bank launches 'Yes Scale' Bizconnect to digitize MSMEs
Mumbai, Oct 9 (KNN) To digitize operations of MSME Associations through curated technology and banking solutions, Yes Bank has launched an app called 'Yes Scale' bizconnect.
Commenting on this, Rajan Pental, Senior Group President and Head – Branch and Retail Banking said, “YES Bank has been focusing on the technology adoption segment through a slew of digital innovations such as instant OD availability and GST-based lending.
Through YES SCALE Bizconnect and YES SCALE Business Solutions, the Bank now extends its ‘Knowledge Banking’ focus to help digitize operations for its key MSME partners through curated banking and technology solutions. This is in line with the Bank’s commitment towards helping MSMEs scale up and grow their businesses," he added.
This app offers solutions for various problems like ease administrative hassles, share knowledge easily and also acts as a marketplace for members for their businesses enables members to list their products and services with an option to buy/sell/order as well as place enquiries – boosting member trade as well as association connect. YES Bank’s digital banking suite also enables purchases, pay later and collections on this marketplace.
Apart from these, this app will completely digitize all financial transactions – Membership fee, event booking, hall booking – payments, collection and reconciliation - Association Member MSMEs can avail any banking product just through a click.