State Bank of India (SBI) has launched its digital banking app for customers of its UK subsidiary SBI (UK) Limited.
The bank originally released its YONO app in India in 2017.
As part of its global expansion plans for the app, SBI has selected the UK as the first additional country to gain access to it.
YONO — which is available on both the App Store and Google Play store — offers a range of features, including UK money transfers and payments, and remittances to India.
In addition, customers with accounts at both SBI UK and SBI can view their accounts through one app.
Speaking at the app’s launch event, Rajnish Kumar, chairman at SBI, said: “I am delighted to launch YONO for our UK customers after its success in India.
“I am sure the easy-to-use features and refreshing design will ensure that the app offers a positive customer experience and showcases the bank’s strong focus on digital banking, as well as highlight SBI’s technological capabilities.”
Richard Heald, group CEO at UK-India Business Council, added: “It is exciting to see how passionate SBI is in its determination to deliver innovative technological products for its customers, particularly here in the UK, which has a large Indian diaspora.”
New customers will soon be able to open an account through the app, while existing customers can use it to change their address, email and mobile numbers.
Sharad Chandak, regional head at SBI UK, concluded: “I am confident that YONO will prove to be an asset to our customers here in the UK.
“I look forward to seeing customers make use of the many new features YONO SBI UK provides.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
-
five degrees plans to expand into North America
Fintech firm five degrees has revealed plans to expand its operations into North America...
-
How can specialist banks continue to embrace difference?
Everyone’s different — and with big banks not geared up to meet the specialist challenge, the opportunity for smaller lenders is clear. But as the market evolves, how do we keep up?...
-
Precise Mortgages adds capital raising to Help to Buy offering
Precise Mortgages has enhanced its Help to Buy offering through the addition of capital raising...
-
Unity Trust Bank and Triodos Bank funding package supports opening of new Surrey care centre
Unity Trust Bank has provided funding to the Whiteley Homes Trust for the delivery of the latter’s Eliza Palmer Care Hub in Whiteley Village, Surrey, which will positively impact as many as 500 vulnerable individuals...
-
Could the Spotify of banking be closer than we think?
Spotify cracked the music market wide open because it understood exactly how people wanted to use music; what will it take for banking to do the same?...
-
Arbuthnot Banking Group loan balances grow by 33%
Arbuthnot Banking Group has announced that its loan balances have grown by 33% compared with the previous year in its update on trading for the three months to 30th September 2019...
-
British Business Investments supports over 34,000 SMEs
British Business Investments has announced that it is supporting over 34,000 SMEs across the UK, an increase of 28% on the previous year...
-
A spotlight on BTL
At Investec Private Bank, we are seeing a continued demand for BTL mortgages with clients taking advantage of low interest rates to make their portfolios more efficient...
-
Tide names new chief technology officer
Tide has recruited Guy Duncan (pictured above) to its executive team as its new chief technology officer...
-
OakNorth Bank lends £650,000 to Casa Italia
OakNorth Bank has provided a £650,000 loan to Liverpool-based, 160-cover independent Italian restaurant Casa Italia...
-
First year of home ownership can bring with it unanticipated ‘financial challenges’
Aldermore’s First-Time Buyer Index has highlighted the importance of understanding the extra costs of owning your first home...