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SBI to Setup 10 Lakh YONO Cash Points
August 23, 2019
State Bank of India (SBI) Chairman, Rajnish Kumar said that the bank is looking to establish around 10 lakh YONO Cash Points across the country in 1.5 years. He said that the platform will eliminate the need for debit cards by offering a safe and easy alternative.
YONO is a digital banking platform of SBI that allows the users to withdraw cash, pay bills, and make payments with their smartphones. At present, the system has 70,000 cash points across the country.
Photo credit: Dr PS Sahana * Kadamtala Howrah on Visualhunt.com / CC BY
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