SBI Chairman CS Setty: Bank Missed Digital Payments Bus, Now Playing Catch-Up with YONO Pay

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Digital Payments

9 August 2026 at 12:15 am

SBI Chairman CS Setty: Bank Missed Digital Payments Bus, Now Playing Catch-Up with YONO Pay

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Summary

SBI Chairman CS Setty acknowledged that the bank missed the digital payments boom and is now trying to catch up with its YONO Pay platform. This comes as banks and fintech firms discuss potential charges for UPI merchant payments due to rising infrastructure and cybersecurity costs, despite UPI processing billions of transactions monthly.

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