SBI YONO 2.0 launched: New features, improved UPI, targets 20 crore users.

• SBI has launched YONO 2.0, an upgraded version of its mobile banking app with new features and a redesigned interface.
• The bank aims to double YONO's user base from 9.4 crore to 20 crore within the next two years.
• YONO 2.0 includes a redesigned UPI and payment system to compete with third-party UPI applications.
• The app is optimized for performance in weak network conditions and allows users to complete unfinished digital tasks at bank branches.
• SBI has also updated its internet banking to YONO Net Banking and is implementing a "Phygital" strategy combining digital and physical services.

Why It Matters: SBI YONO 2.0 revolutionizes digital banking for millions, enhancing user experience and security.