New Delhi: Under the agreement between State Bank of India (SBI) and Reliance Jio (Jio), next generation banking services will be offered to State Bank customers. Its purpose is to increase the base of SBI’s digital customers.
SBIYono, which provides digital banking, commerce, and financial superstore services to SBI customers, will join Reliance MyJio and will be available through Yano’s digital banking features and solutions through the MyJio App.
An Understanding Between SBI & Jio
The Benefits to Customers
In MyJio, the financial services capabilities of SBI and Geo Payment Bank will be included. Reliance Geo and SBI customers will benefit from Jio Prime. Jio Prime will offer exclusive deals between Reliance Retail, Geo Partner Brands and Merchants. With this, SBI Rewardz (SBI)’s existing loyalty program and integration between Jio Prime will offer additional Loyalty Reports for SBI customers.
SBI customers will benefit from this
In the urban and rural areas, you will be able to launch Geo Network, SBI’s Video Banking, and other on-demand services. In addition, SBI customers will be available on Geo Phones Special Offers.
Both will take advantage of each other’s network
Rajesh Kumar, chairman of State Bank of India, said on the occasion, “We are very excited by the agreement with Jio, the world’s largest network. When Reliance Industries chairman Mukesh Ambani said that there is no confrontation with SBI customers in the world. Geo is committed to using Superior Network and Platform with its retail ecosystem.