SBI + JIO = Digital Payments

Hyderabad, Aug 03: Reliance Jio and State Bank of India are entering into a digital partnership, which is aimed to increase SBI's digital customer base multi-fold. Both the companies have already started Jio Payments Bank operation in India.

Under the partnership, SBI's YONO's digital banking features and solutions will be enabled through the MyJio platform for a seamless, integrated and superior customer experience.

MyJio, one of India’s largest over-the-top (OTT) mobile applications will now bring in financial services capabilities of SBI and Jio Payments Bank.

SBI YONO is a revolutionary omni channel platform offering digital banking, commerce and financial superstore services to customers.

"The scale of the SBI customer base is unmatched globally. Jio is committed to using its superior network and platforms combined with the Retail ecosystem to accelerate digital adoption serving all the needs for SBI's and Jio's customers," Mukesh D. Ambani, Chairman, Reliance Industries Limited said.