Reliance Industries Ltd.

BSE: 500325 | NSE: RELIANCE
Large Cap | Refineries
1442.55
52.40 (3.77%)
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RIL’s telecom arm partners SBI for digital banking service

Date: 03-08-2018

Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio) and State Bank of India (SBI) have entered into a digital partnership aimed to increase SBI’s digital customer base multi-fold. Post operationalization of Jio Payments Bank (a 70:30 JV between RIL and SBI), both the companies are strengthening their partnership to bring next generation bilateral frictionless experience with exclusive digital Banking, Payments and Commerce journeys for their customers.

SBI YONO is a revolutionary omni channel platform offering digital banking, commerce and financial superstore services to customers. YONO’s digital banking features and solutions will be enabled through the MyJio platform for a seamless, integrated and superior customer experience. Jio and SBI customers will benefit from Jio Prime, a consumer engagement and commerce platform from Reliance. Jio Prime will offer exclusive deals from Reliance Retail, Jio, partner brands and merchants.

RIL is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.