YONO 2.0 is a simpler and lighter app that doesn’t require an expensive smartphone. It works even in areas with poor internet connectivity. Using the YONO 2.0 app, users can manage their finances.
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SBI YONO 2.0: State Bank of India (SBI) has launched YONO 2.0. This is an upgraded version of the bank’s digital banking platform. This platform offers both mobile and internet banking services. The bank announced on December 15th that this upgraded version will provide digital access to over 500 million customers. SBI launched YONO nearly eight years ago.
96 million customers use YONO
Currently, approximately 96 million customers use YONO. The bank has set a target to double this number to 200 million. YONO has become a major channel for customer acquisition and lending for SBI. A large number of new savings accounts are being opened and personal loans are being granted through this platform.
Works even with weak internet connectivity
YONO 2.0 is a simpler and lighter app that doesn’t require an expensive smartphone. It works even in areas with weak internet connectivity. Using the YONO 2.0 app, users can manage their finances, transfer funds, pay bills, and make UPI transactions.
Mobile Banking and Internet Banking Features Combined
SBI has merged the mobile app and internet banking platform in YONO 2.0. Security measures have also been enhanced in this app. Transaction controls and OTP processing have been strengthened. YONO 2.0 simplifies KYC and re-KYC. Repeated verification is eliminated for many products and services.
Currently available only in Hindi and English
Currently, the app is available in English and Hindi. The bank plans to make it available in 15 languages. This will enable SBI customers across the country to use the app. The app also features financial management tools such as spending analysis, smart recommendations, and a credit score simulator. Users can use these tools to track and improve their credit health.
Read More: SBI Recruitment: SBI to recruit 6,500 people by March, launches version 2.0 of YONO app
