Reliance Jio Collaborates with SBI's YONO

Reliance Jio has announced details about its collaboration with State Bank of India's YONO platform in an official business statement in a move to further deepen its association with SBI. Both already have a joint venture of 70:30 in the Jio's online payment initiative Jio Payments Bank.

With this new collaboration, the Jio customers can avail a seamless digital and financial transactions where as SBI will enjoy a multifold increase in its digital customers using the YONO platform. For those who are new to YONO platform, it is a online digital platform owned by SBI for offering various activities like digital banking & online purchases to its customers.

Once this collaboration is completed, Jio customers can start using this platform through MyJio app for a seamless and superior customer experience. Also, the Jio Prime customers can enjoy exclusive deals from Reliance Retail, Jio and its partner brands and merchants. In addition, customers can also enjoy already existing loyalty program of SBI called 'SBI Rewardz'.

The statement also said that SBI will be engaging Jio as one of its preferred partners for designing and proving network or connectivity solutions. In future, the JioPhones can also be made available with special discount offers exclusively for SBI customers.

"As India's largest bank with leadership in digital banking, we are delighted to partner with jio the world's largest network. All the areas of co-operation are mutually beneficial enhancing the digital foot-print for SBI customers with superior and rewarding customer experiences" said Mr. Rajnish Kumar, Chairman, SBI.

"The scale of the SBI customer base is unmatched globally. Jio is committed to using its superior network and platforms combined with the retail ecosystem to accelerate digital adoption serving all the needs for SBI's and Jio's customers." said Mr. Mukesh Ambani, Owner of Reliance Jio.