SBI Payments to launch YONO merchant app
Merchants will now be able to turn their NFC enabled Android smartphones into payment acceptance devices through a simple mobile app.
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By Express News Service
NEW DELHI: India’s largest lender, State Bank of India, will launch a YONO merchants app to enable 20 million merchants from tier 2, 3 cities to adopt digital payments.
The lender plans to deploy low-cost acceptance infrastructure across India over the next two years targeting the potential merchants across India in the Retail and Enterprise segment.
The initiative will enable near field communication (NFC) enabled smartphones of merchants to turn into Pointof- sale devices after downloading the app.