Question

YES Bank has developed unique product proposition extending the entire benefit of the advancement in the payments landscape to the customer's desktop by pioneering the introduction of the payments on the web. The platform provides online confirmation along with instant settlement for payments making cash flow forecasting easier and precise to the last minute. State the type of e- banking services highlighted in aforesaid case.

Answer 1

Answer:

Net banking

Explanation:

Net banking is also called internet banking or online banking. It is targeted at customers who prefer to do their transactions from the comfort of their home. Rather than coming to the bank to perform transactions.

Various types of transactions are available on the net banking platform such as bank statement, bill payments, money transfers, and even booking of fixed deposit.

YES Bank platform provides online confirmation along with instant settlement for payments making cash flow forecasting easier and precise to the last minute.

They are providing net banking services to their clients.