'Yono Global' app to be released by SBI in Singapore and the US soon

17 Nov 2023 , 03:20 AM

As per Deputy MD (IT) Vidya Krishnan, State Bank of India (SBI) will shortly introduce its banking mobile app ‘Yono Global’ in Singapore and the US, providing digitalized remittance and other services to its customers. The three-day Singapore Fintech Festival (SFF) closes on November 17. ‘We are continuing to invest in Yono Global to offer the best services available as we want to give superior experience to our customers,’ Krishnan told PTI.

Krishnan spoke with the Monetary Authority of Singapore (MAS), the local central bank and regulator, as well as digital platform enablers based in Singapore.

“With so many Indians living in the city-state, we are always working on the remittance story between India and Singapore.’

Yono Global services are currently provided by SBI in nine countries, with the UK operations commencing in September 2019. The entire balance sheet size of SBI’s overseas activities is USD 78 billion.

SBI plans to deploy its Yono Global app soon in Singapore after integrating it with PayNow.

Nikhilesh Goel, an Indian who is the co-founder and group CEO of Validus Capital, a company based in Singapore, was one of the winners of the Individual Category in testing technology contests (in appreciation of C-Suite leaders).

Validus provides all-in-one business finance with a focus on the top SMEs in Southeast Asia.

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