Jio, SBI deepen digital partnership; integrate SBI YONO app, MyJio platform

Reliance Jio will offer special connectivity and devices solutions for SBI customers

State Bank and Reliance Jio, which are partners in a payment bank venture, today extended the same to the digital payments space that will help ramp up the nation's largest lender's digital customer base multi-fold.

SBI and Jio has a joint venture for payment bank- Jio Payments Bank, wherein Jio holds 70 per cent and the balance is with SBI. But the JV is yet to operationalise despite getting the licences more than two years ago.

Under the partnership, SBI Yono, an omni channel platform offering digital banking, commerce and financial superstore services , will be enabled through the MyJio platform to