Banks' apps to make transactions without opening an accountEven those who do not have a bank account can make payments through bank apps. Like Google Pay and Phone Pay, the UPI system is set up in the apps for this.
The service was launched by ICICI Bank. Those who do not have an account with ICICI Bank can also download and use the bank's iMobile app. In addition to money transactions, the app allows you to get a credit card, apply for a live loan, open a savings bank account, make a fixed deposit, invest in a mutual fund and pay insurance premiums.
State Bank of India has recently launched an app to provide these services. This app is named a Yono App. Yono SBI lets you book movie tickets, recharge, deposits, shop, travel, IRCTC ticket booking, money transfer, etc.
In order to download and use these apps, we need to upload personal data such as our name phone number and date of birth etc. Do you use any bank app for transactions? Is it secure?.