SBI Alert: Now Make, Receive Online Payments Using This State Bank of India App
New Delhi: The country’s largest lender State Bank of India (SBI) and the umbrella body of retail and digital payments National Payments Corporation of India (NPCI) have joined hands to launch a dedicated campaign to focus on deepening the reach of UPI transactions across all sections of the population.
The joint initiative aims at encouraging users of SBI’s banking and lifestyle platform YONO to opt for UPI payments which is easy, safe and instantaneous.
Since its inception in 2017, YONO has observed 34 lakh UPI registrations with over 62.5 lakh transactions worth more than Rs. 2,520 crore at current daily average of nearly 27,000 transactions (in last 30 days).