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YONO

SBI to set up 10 lakh YONO cash points to push digital banking in India

YONO

State Bank of India is moving towards a future without debit cards and has placed its bets on its integrated digital banking platform called YONO. The bank is looking to establish nearly 10 lakh YONO cash points across the country within the next 18 months.

YONO cashpoints are the SBI ATMs enabled to withdraw cash through YONO app without using debit cards. According to Rajnish Kumar, Chairman SBI the bank has around 70,000 cash points operational and although they’re not phasing out debit cards, their usage will certainly decline. (Source: PTI)

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