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
YONO was launched on 24 November 2017.
Features
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.[3]
References
- ^ "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.
