India's Yes Bank flags $280,000 in unauthorised forex card transactions

Yes Bank

26/02/2026 04:08

Feb 26 (Reuters) - Indian lender Yes Bank YESB.NS said on Thursday that it had detected unauthorised transactions in its multi-currency prepaid forex cards.

Here are some details:

Unauthorised transactions worth about $280,000 were approved on behalf of 5,000 customers on February 24, according to an internal investigation by the bank.

The payments were routed through 15 merchants in a Latin American country that does not mandate two-factor authentication for e-commerce transactions.

The bank said it blocked 688 attempted transactions, preventing losses of roughly $100,000.

Yes Bank has restricted e-commerce transactions originating from the country involved.

The lender, which issues the cards in partnership with BookMyForex, said it is working with its card network to initiate refunds for affected customers.

 (Reporting by Kashish Tandon in Bengaluru; Editing by Sonia Cheema)

 ((Kashish.Tandon@thomsonreuters.com; 8800437922;))