Explore the Revamped Version of SBI YONO App with UPI Scan and Pay Feature

The long-awaited Unified Payments Interface (UPI) feature has been launched on the State Bank of India (SBI) YONO app. SBI has completely redesigned the mobile banking app and released a new version. The Yono app now offers several new features that enhance user experience and simplify banking transactions.

Notably, YONO has over 6 crore registered users as of 2017. In FY23, 78.60 lakh savings accounts were opened digitally through YONO in SBI, according to the Economic Times.

Let’s see what the updated version of YONO has to offer us.

New in SBI YONO app

On the occasion of 68th Bank Day celebrations, SBI launched its updated version of Yono mobile banking app which introduced few new features like UPI scan and transaction and Interoperable Cardless Cash Withdrawals (ICCW) feature like Hindu. With ICCW, users can also seamlessly withdraw cash from SBI or other banks using the UPI QR Cash feature.

“The transaction is facilitated by a single-use dynamic QR code displayed on the ATM screen. Users can withdraw cash conveniently using the scan and pay feature available in their UPI app,” according to the statement.

Now users don’t always have to carry a physical card with them or keep the ATM PIN at hand, as they can easily withdraw cash just by scanning through their smartphone. In addition to improving the user experience, it also minimizes the risk of card theft or cloning.

SBI took a big step in merging banking and technology, making it digitally more secure and user-friendly with this effort.

Dinesh Kumar Khara, Chairman, State Bank of India said, “The YONO app has been redesigned keeping in mind our customers’ expectations for a seamless and enjoyable digital experience. This further fulfills our ambition to make the YONO for Every Indian mission a reality.”