SBI Yono new ‘quick pay’ service added to Yono app where you do not need to enter login credentials during the transaction. Here you have to authenticate with your Touch ID for fund transfer.
To take advantage of this service, you need to be biometrically enabled by your fingerprint in the SBI Yono app, and you have to authenticate your biometric, i.e. touch ID, for Yono access.
Here, you can transfer money in a few steps through four reliable fund transfer methods, such as Contacts, VPA, Scan and beneficiary.
To transfer money from one bank to other banks through NEFT, RTGS you will need to login details, add beneficiary, and user ID and password.
You have to wait for beneficiary approval from your bank, and that can take time for approval, and it’s a long process which you will not like at all.
So now you will get the option of quick pay money transfer in SBI Yono app, where you can transfer money in a few moments through Contacts, VPA, beneficiary and scan without login credentials.
SBI Yono Quick Pay
Sbi Quick Pay service is a service of SBI which you will now find in the Yono app, where you can quickly transfer funds from your bank to other banks without login credentials.
To avail these features in SBI Yono Quick Pay service, you must have BHIM UPI ID in SBI. If you want to learn more about what is UPI ID, how to create UPI ID and UPI PIN, then you can read the article published in this blog.
To get these facilities, you have to enable biometric, which allows you to have Yono access. If you want to know, that how to enable/disable UPI service in the Yono app, read here.
So here, to take advantage of these services in SBI Yono app, your device must have a fingerprint sensor, and it should be activated in your phone.
Money transfer through Contacts
First of all, open your SBI Yono app, click on Quick Pay and authenticate with your Touch ID. Here you will get four options to transfer money.
Select ‘Contacts’ option, and enter the phone number and amount, and click Pay. The OTP will be received on your mobile number, and submit by entering the OTP.
Money transfer via the VPA
VPA is a virtual payment address of UPI, and you may think that the UPI ID is a VPA. If you don’t have a VPA, then you create a virtual payment address in SBI Yono app.
Here, you have to enter a virtual payment address (VPA or UPI ID), amount and click on Pay option. Enter OTP which you will receive on your registered mobile, and submit.
Money transfer via scan: Here you can scan the QR code directly or by selecting it from your phone gallery. The process ahead is all the same.
Money transfer via beneficiary:
The beneficiary is the most used process for transferring funds from one bank to another. You have to add beneficiary details before transferring money.
When adding a beneficiary, it may take about half an hour for approval, but it has to be done only once. A selected beneficiary has to be chosen from the existing beneficiary list.
After that, enter the amount and select the “Pay” option. You will receive an OTP on your registered mobile, enter OTP and submit.
Enable/Disable biometric for Yono Access
For the biometric enabling and disabling in SBI Yono, log in with your net banking user ID and Password or MPIN in Yono app.
Click on the service request option and select settings. Your phone must have fingerprint enabled before proceeding.
Here you will find enable/disable biometric option for Yono access at the bottom. Click and if off, turn on, and select the checkbox and submit.
You have to authenticate with your fingerprint to continue, enter OTP and submit. In this way, you can enable your touch ID in SBI Yono app.
If you have any doubt then watch this video