Yes Bank, one of India’s largest private sector banks, has reclaimed its leadership position in digital banking. In the first quarter of the financial year 2026, the bank achieved a remarkable 55.3% market share in UPI (Unified Payments Interface) transactions. Additionally, it holds a 33.3% share in peer-to-peer transactions. The bank also excels in the Aadhaar Enabled Payment System (AePS), accounting for nearly 30% of transactions. With over 790,000 partner outlets nationwide, Yes Bank is a key player in India’s digital payments landscape.
The bank’s digital-first approach enables it to integrate more than 1,500 APIs for real-time operations. Its flagship apps, IRIS and IRISBIZ, facilitate seamless access to personal savings accounts, current accounts, and credit cards, with digital delivery rates of 92%, 93%, and 98% respectively.
Yes Bank actively contributes to India’s digital public infrastructure, participating in initiatives such as CBDC (Central Bank Digital Currency), OCEN (Open Credit Enablement Network), ONDC (Open Network for Digital Commerce), and embedded finance. The bank emphasizes its commitment to financial inclusion and stability in Indian banking as part of its broader vision.
Ajay Raj, the country head of transaction banking at Yes Bank, stated that the bank’s achievements reflect its commitment to financial inclusion and the digital transformation of Indian banking. He expressed pride in the bank’s role in enhancing financial access across the country.
Yes Bank’s vision is supported by innovation, trust, and customer focus. The bank aims to strengthen its position in India’s digital economy by offering personal, easy, and tech-enabled banking solutions.
Founded in 2003 by Rana Kapoor and Ashok Kapur, Yes Bank has grown its network to 1,198 branches and more than 1,287 ATMs across over 300 districts in India. The bank has faced challenges in the past, including a significant financial crisis that led to a bailout by the Reserve Bank of India in 2020. Since then, it has worked to stabilize its operations and improve its financial position.
In recent years, Yes Bank has ventured into green financing and digital payment solutions, such as launching its digital wallet, Yes Pay. The bank continues to make strides in the retail, MSME, and corporate sectors, providing personalized financial services to a diverse clientele.
As it moves forward, Yes Bank’s focus on innovation and customer satisfaction remains central to its strategy. The bank’s recent performance in UPI transactions underscores its significant role in the digital banking sector and its commitment to enhancing financial access for all Indians.