Yes Bank has launched SIMsePAY that allows an account holder to transfer money, pay utility bills and carry out other mobile banking transactions without a smartphone or Internet. Based on the "sim-sleeve" technology, SIMsePAY is a wafer-thin sticker that can be pasted on any SIM card of any telecom service provider. This sticker will be linked to a co-branded prepaid wallet or a prepaid card issued by YES Bank (which can be loaded up to `50,000) or a co-operative bank account.
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