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YONO
| Developer(s) | IBM |
|---|---|
| Initial release | 10 December 2017 |
| Platform | Android iOS |
| Available in | English |
| Type | Payment |
YONO (You Only Need One) is an integrated digital banking platform offered by State Bank of India (SBI) to enable users to access a variety of financial and other services such as flight, train, bus and taxi bookings, online shopping, or medical bill payments.[1] YONO is offered as a smartphone app for both Android and iOS.
The launch of YONO had a code name project Lotus. The YONO is developed by IBM and launched in around 13 months. The cost of development was expected around ₹4,000 crore.
Launch[edit]
YONO was launched on 24 November 2017.
Features[edit]
YONO offers services from over 100 e-commerce companies including online shopping, travel planning, taxi booking, train booking, movie ticket booking, online education and offline retail with special discounts.[2] YONO also offers conventional mobile banking services such as bank account opening, fund transfers, cashless bill payments, and loans. The smartphone app can be used to make ATM withdrawals without using any ATM card.[3]
References[edit]
- ↑ "SBI launches YONO, an integrated app for financial services". The Hindu. 23 November 2017. Retrieved 24 November 2017.
- ↑ "SBI's YONO allows instant digital savings accounts, online loans". The Times of India. 24 November 2017. Retrieved 24 November 2017.
- ↑ Dubey, Navneet (2019-04-05). "How to withdraw cash from SBI ATM without using debit card or SBI YONO app". The Economic Times. Retrieved 2019-05-23.