SBI rolls out YONO 2.0 with unified digital banking, simplified KYC.

• SBI launched YONO 2.0, an upgraded digital banking platform merging mobile and internet banking to enhance access for over 50 crore customers.
• YONO 2.0 aims to double its customer base to 20 crore, offering a simpler, lighter app accessible on lower-end devices and in areas with weak internet.
• The platform unifies mobile and internet banking with a common UI, enabling seamless transaction continuity across devices and enhanced security features.
• Key features include managing finances, fund transfers, bill payments, UPI transactions, and a revamped payments stack to rival popular platforms.
• YONO 2.0 simplifies KYC/re-KYC, offers financial management tools, and plans to expand language support from English/Hindi to 15 languages.

Why It Matters: This upgrade means simpler, more secure, and unified digital banking for SBI users.