Castler to offer digital escrow services to Yes Bank customers

August 17, 2022 09:59 pm | Updated 09:59 pm IST - Mumbai

Castler, a digital escrow platform, said it has tied up with Yes Bank to offer digital escrow services to the bank’s customers.

The firm is a global digital escrow platform for individuals and enterprises, offering domestic and cross-border escrow solutions. 

Ajay Rajan, country head, Transaction Banking Group, Yes Bank , said, “Prevalent business requirements and related digitisation needs have accentuated the demand for digital escrow services, and we are certain that our customers will find this newly-launched service using Castler’s digital escrow services platform of great significance in ensuring timely and trustworthy monetary transactions.”

“Escrow banking is generally quite complex and Castler with its unique digital offering has demonstrated that technology and innovation can provide solutions to even the most complex requirements. Through this partnership, we both are in pole position to dominate the Enterprise Escrow Banking space and digitally democratise the product for easy adoption amongst its varied customer base,” he said.

Vineet Singh, Co-Founder & CEO, Castler said, “Our partnership with Yes Bank will further expand the trust ecosystem that we have been building over the last 15 months. Their dominance in developing digital-first strategies for SMEs, MSMEs, fintechs and start-ups will help us serve a larger audience of customers.”

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.