Sad News State Bank of India aims to eliminate Debit Card, Replace with Yono App

[Bapun]

• In the next five years, there will be a limited need to have any plastic cards in your pocket, Rajnish Kumar said
• Rajnish Kumar said through the Yono platform, one can withdraw cash at the automated teller machines

"...it is our wish to eliminate the debit cards, and am sure we can eliminate them," chairman Rajnish Kumar said, speaking at the annual Fibac here Monday.

SBI aims to eliminate debit cards

 

[Elvin Paul]

@Bapun Raz bro How's this a sad news?

 

[Bapun]

@Bapun Raz bro How's this a sad news?

Because i think many of us would still like to use cards than an app which won't be supported internationally and especially developed by our Government.

 

[ashishpanghaal]

it is not sad news brother.all SBI cash points will be yono cash enabled..so u won't need debit card and safety wise it is good to eliminate plastic money

 

[Sai Jai]

Yono scrapy one

 

[Sai Jai]

safety wise it is good to eliminate plastic money

Safety ??

Pls strike out the word in digital India nothing is safe

 

[Shantanu Upadhyay]

My parents are not familiar with mobile wallets & money transaction apps and debit cards are much more convenient for them.

It will be a bad move to totally eradicate debit cards.

 

[iSK]

Yono scrapy one

Right . What about the Rural People's those who have Kepad mobile how they'll withdraw

 

[iDJ]

Right . What about the Rural People's those who have Kepad mobile how they'll withdraw

Pay others to do same while losing money.

 

[Sai Jai]

Right . What about the Rural People's those who have Kepad mobile how they'll withdraw

They will simply tell go to Bank and withdraw amount