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Yono Lite is a mobile banking application from the State Bank of India. [7] [8] Earlier, it was available as "SBI Anywhere Personal" but it was rebranded as "Yono Lite" in 2018, after the introduction of YONO app. [9] In 2021, Yono Lite saw several updates to protect its users from digital frauds. [10]
In the financial year 2020, the bank facilitated more than 485 crore transactions worth ₹4.6 lakh crore. [17] It processed over 778 million UPI transactions amounting to ₹89,388 crore in June 2022 [18] and continues to be India’s biggest UPI beneficiary bank [19] with over 1,370 million digital transactions in June 2022. [18] [20]
A digital bank represents a virtual process that includes online banking, mobile banking, and beyond. As an end-to-end platform, digital banking must encompass the front end that consumers see, the back end that bankers see through their servers and admin control panels, and the middleware that connects these nodes.
The Bank was also awarded the Best Digital Bank in the World in 2016 by ... DBS Bank India Limited is the first among the large foreign banks in India to start ...
The Financial Express's Best Digital Bank for 2022–23 [68] Best Sustainable Banking Strategy India 2022, Capital Finance International (CFI). [69] Best CSR Sustainability Awards for "Shwetdhara" campaign - The Economic Times. [70]
Americans already do most of their banking online — at least 7 out of 10 U.S. households are enrolled in digital banking, according to a survey on digital financial literacy, with 95% of those ...
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2000s this has become the most common way that customers ...
Digital banking encompasses various banking tools and trends, but one thing is certain: Digital banking is on the rise. Most Americans have used digital banking services in the past year, and more ...