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2016-07-20

Gemalto: YES BANK secures mobile payment transactions with data encryption solution from Gemalto

Gemalto's SafeNet Hardware Security Modules support YES BANK's secure
implementation of India's Unified Payments Interface

Amsterdam - July 20, 2016 -
Gemalto (Euronext NL0000400653), the world leader in digital security, today
announced thatYES BANK, India's fifth largest private sector bank, has
deployed itsSafeNet Network HSMto secure mobile payment transactions for
millions of its customers under India's recently implementedUnified Payments
Interface(UPI).

YES BANK is a full service commercial bank that has acted as a front runner in
deploying UPI, India's next generation online payments solution which enables
all account holders to send and receive money from their smartphones with a
single identifier - such as mobile number or virtual payments address -
without entering any bank account information. TheSafeNet Network HSM
(formerly SafeNet Luna SA HSM)
provides strong end-to-end data security and encryption to protect user
credential confidentiality and the private keys responsible for digital
signing, thus establishing a secure root of trust for financial transactions
throughout the UPI payment process.

"With a widespread network of over 860+ branches and 1,625+ ATMs Pan India,
we're committed to taking a customer-centric approach to our banking services
," said Anup Purohit, Chief Information Officer at YES BANK. "The Unified
Payments Interface offers clients revolutionary convenience when
it comes to banking and payments, and we want to ensure the highest levels of
security for users of the platform. We're thrilled to integrate Gemalto's
industry-leading SafeNet HSM technology into the UPI application to support
this initiative."

"When it comes to the introduction of new mobile applications and digital
services in banking and financial services, building trust, data security and
regulatory compliance is an essential component for adoption and success,"
said Ashesh Thanawala, Sales Director for India Identity&Data Protection at
Gemalto. "By working with YES BANK India, we are delighted to ensure that its
customers benefit from the convenience UPI offers, without compromising on
security through the application of strong encryption and protection of user
credentials in the prestigious UPI project. We are trusted for our technical
strength in delivering the required guidance to meet and implement regulatory
compliance in such mission critical projects
."

About YES BANK

YES BANK, India's fifth largest private sector Bank with a pan India presence
across all 29 states and 7 Union Territories of India, headquartered in the
Lower Parel Innovation District (LPID) of Mumbai, is the outcome of the
professional&entrepreneurial commitment of its Founder Rana Kapoor and its
Top Management team, to establish a high quality, customer centric, service
driven, private Indian Bank catering to the future businesses of India.

YES BANK has adopted international best practices, the highest standards of
service quality and operational excellence, and offers comprehensive banking
and financial solutions to all its valued customers.

YES BANK has a knowledge driven approach to banking, and offers a superior
customer experience for its retail, corporate and emerging corporate banking
clients. YES BANK is steadily evolving as the Professionals' Bank of India
with the long term mission of "Building the Finest Quality Bank of the world
in India by 2020".

To learn more, visit YES BANK's website and follow them on LinkedIn and
Twitter.

For any information, please contact:
Sonali Shome

YES BANK ltd.
+91 8879972130

About Gemalto

Gemalto (Euronext NL0000400653 GTO) is the global leader in digital security,
with 2015 annual revenues of €3.1 billion and customers in over 180
countries. We bring trust to an increasingly connected world.

Our technologies and services enable businesses and governments to
authenticate identities and protect data so they stay safe and enable
services in personal devices, connected objects, the cloud and in between.

Gemalto's solutions are at the heart of modern life, from payment to
enterprise security and the internet of things. We authenticate people,
transactions and objects, encrypt data and create value for software -
enabling our clients to deliver secure digital services for billions of
individuals and things.

Our 14,000+ employees operate out of 118 offices, 45 personalization and data
centers, and 27 research and software development centers located in 49
countries.

For more information visitwww.gemalto.comor follow@gemaltoon Twitter.

Gemalto media contacts:

-----------------------------------------------------------------------------------------
| Philippe Benitez Peggy Edoire Vivian Liang |
|North America |
|+1 512 257 3869 Europe&CIS Greater China |
|philippe.benitez@gemalto.com +33 4 42 36 45 40 +86 1059373046 |
| peggy.edoire@gemalto.com vivian.liang@gemalto.com |
| Ernesto Haikewitsch Kristel Teyras Shintaro Suzuki |
|Latin America Middle East&Africa Asia Pacific |
|+55 11 5105 9220 +33 1 55 01 57 89 +65 6317 8266 |
|ernesto.haikewitsch@gemalto.com kristel.teyras@gemalto.com shintaro.suzuki@gemalto.com |
-----------------------------------------------------------------------------------------
Press release (PDF)
http://hugin.info/159293/R/2029331/754556.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Gemalto via Globenewswire

HUG#2029331

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