SBI 1st in country with No Debit, Credit Card Hassles; Goes Cardless Cash Withdrawal
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SBI becomes the 1st bank to introduce cardless cash withdrawal through YONO app. Cardless withdrawals eliminate the risk of skimming & cloning, which will increase YONO's cash appeal among users. SBI's chairman says the launch of the app is a big leap forward, for convenience & enhanced banking experience to their customers. They plan to create a digital universe by merging the entire transaction system under 1 roof in 2 years.