Current Affairs - Banking - Discussion

Nearby Technologies Private Limited has tied up with Yes Bank to provide Aadhaar- enabled cardless and pinless ATM service through which, customers can deposit or withdraw money at retailers' place. A retailer can now become an Aadhaar ATM/Aadhaar Bank branch for cash withdrawals and deposits by a customer by using PayNEARBY mobile application on a smart phone. Nearby Technologies Private Limited is a FinTech start-up, founded by a team of professionals from Banking and Payments industry. Yes Bank and Nearby have collaborated with the National Payments Corporation of India (NPCI) to launch PayNEARBY.