Payments to be most-used service on YONO 2.0, says SBI chairman C S Setty

According to SBI, with the new YONO app and internet banking now operating on a unified backend architecture and sharing the same user interface, customers will experience seamless omnichannel

The country’s largest lender, State Bank of India (SBI), has launched YONO 2.0, a reimagined version of its digital platform, with the aim of competing with UPI heavyweights such as PhonePe and Google Pay. The bank is confident that the revamped platform offers one of the most seamless payment journeys, with payments expected to be the most-used service on the new app.

 

“Yes, I would like to compete with them. We had extensive engagement with our customers, and the most important feature they wanted us to reimagine was payments,” SBI Chairman C S Setty said.

 

“It’s one of the most