# BHIM SBI Pay (State Bank of India)

> Source: https://docs.barcoder.ai/docs/wallets/bhim-sbi-pay
> research date 2026-10-20 · extracted at 2026-10-21
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [UPI FAQ (BHIM SBI Pay) — State Bank of India](https://sbi.bank.in/web/customer-care/upi1)
- [SBI Analyst Presentation Q1FY27](https://sbi.bank.in/documents/17836/1275616/07082026_SBI+Analyst+Presentation+Q1FY27.pdf/6e4ca530-1666-574e-22fb-f9e19d553ef5?t=1786091443352)
- [UPI Ecosystem Statistics — NPCI](https://www.npci.org.in/product/ecosystem-statistics/upi)

## Overview

**State Bank of India (SBI)** is a statutory public-sector bank. It says it serves over 50 crore (500 million) customers through more than 23,321 branches [[1]](https://sbi.bank.in/web/about-us/about-us). Its customers pay through two SBI apps on the [UPI](https://docs.barcoder.ai/docs/payments/IN/upi-qr) rail. **BHIM SBI Pay** is SBI's standalone UPI app, open to account holders of any UPI bank [[2]](https://sbi.bank.in/web/customer-care/upi1). **YONO SBI** is the bank's main banking app, with UPI built in; it has its own biography at [SBI YONO](https://docs.barcoder.ai/docs/wallets/sbi-yono). This page covers BHIM SBI Pay and SBI's position in UPI as a whole.

SBI is the biggest bank in UPI. NPCI's member table for September 2026 puts it first, with 6,083.62 million transactions worth ₹7,47,792.52 crore. That was about a quarter of all UPI volume that month (24,068.38 million) [[7]](https://www.npci.org.in/product/ecosystem-statistics/upi) [[8]](https://www.npci.org.in/product/upi/product-statistics). SBI's own presentation gives 25.14 crore (251.4 million) unique UPI users, counted by account number, at the end of June 2026 [[4]](https://sbi.bank.in/documents/17836/1275616/07082026_SBI+Analyst+Presentation+Q1FY27.pdf/6e4ca530-1666-574e-22fb-f9e19d553ef5?t=1786091443352). Only a small part of that traffic starts in SBI's own apps: 30.94 million UPI payments in September 2026 [[7]](https://www.npci.org.in/product/ecosystem-statistics/upi).

## History

- **1806–1955: the bank.** SBI traces its roots to the Bank of Calcutta, set up on 2 June 1806. The three presidency banks were merged into the Imperial Bank of India on 27 January 1921. The State Bank of India was constituted on 1 July 1955 [[1]](https://sbi.bank.in/web/about-us/about-us).
- **February 2017: Bharat QR.** SBI was one of the 14 banks that said they were ready to deploy [Bharat QR](https://docs.barcoder.ai/docs/standards/bharat-qr) when it launched on 20 February 2017 [[9]](https://www.medianama.com/2017/02/223-bharatqr-launch-card-networks/).
- **FY18: SBI Pay.** SBI's UPI app was then called SBI Pay. SBI reported 1.84 million active users at the end of March 2018, up from 1.18 million at the end of December 2017. The app averaged 0.11 million transactions and about 44,000 registrations a day in FY18 [[3]](https://www.medianama.com/2018/05/223-sbi-pay-upi-pos-fy18/).
- **February 2018: BHIM SBIPay on iOS.** The current iOS listing, "BHIM SBIPay" from State Bank of India, was first released on 19 February 2018 [[10]](https://itunes.apple.com/lookup?id=1342240155&country=in).
- **December 2025: YONO 2.0.** SBI released a new version of YONO in December 2025. The bank's chairman said YONO had "almost 10 crore" users and set a target of 20 crore within two years [[6]](https://www.theweek.in/wire-updates/business/2025/12/14/dcm18-biz-sbi-yono.html).

## Ownership & operator

The operator is State Bank of India itself, constituted on 1 July 1955 under the State Bank of India Act as a "state-partnered and state-sponsored bank" [[1]](https://sbi.bank.in/web/about-us/about-us). It is regulated by the Reserve Bank of India. In UPI it acts both as a member bank holding customer accounts and as the payment service provider behind its own apps.

## Technical integration

- **[UPI QR](https://docs.barcoder.ai/docs/standards/upi-qr) (full).** BHIM SBI Pay pays by contact, by UPI ID or number, by account number and by scanning a QR code. It also withdraws cash at UPI-QR-enabled ATMs, pays bills through SBI Unipay, and sets or resets the UPI PIN with Aadhaar [[2]](https://sbi.bank.in/web/customer-care/upi1).
- **Three entry points.** SBI's FAQ names three UPI routes: BHIM SBI Pay, UPI on YONO SBI, and YFEI, which it describes as a payment solution for account holders of any bank in UPI. YONO SBI was at first open only to SBI customers [[2]](https://sbi.bank.in/web/customer-care/upi1).
- **Limits.** After the initial period the limit is ₹1,00,000 per transaction and per day. P2P payments are capped at 20 transactions in 24 hours per account; P2M payments have no count limit. The first payment after a PIN is set or reset is capped at ₹5,000, and iOS users are held to ₹5,000 a day for the first five days. IPO applications through UPI go up to ₹5 lakh per transaction [[2]](https://sbi.bank.in/web/customer-care/upi1). The FAQ was last updated on 4 February 2025, and SBI says the limits change with NPCI guidelines; read 20 October 2026.
- **UPI Lite.** UPI Lite is live on BHIM SBI Pay and needs no UPI PIN. The FAQ gives ₹500 per transaction, a ₹2,000 maximum balance and a ₹4,000 daily total. Another answer on the same page says ₹2,000 a day, so the page contradicts itself [[2]](https://sbi.bank.in/web/customer-care/upi1).
- **RuPay credit cards on UPI.** Users can link a RuPay credit card in BHIM SBI Pay [[2]](https://sbi.bank.in/web/customer-care/upi1).
- **[Bharat QR](https://docs.barcoder.ai/docs/standards/bharat-qr) (full).** SBI counted 10.4 lakh Bharat QR acceptance points in June 2026 [[4]](https://sbi.bank.in/documents/17836/1275616/07082026_SBI+Analyst+Presentation+Q1FY27.pdf/6e4ca530-1666-574e-22fb-f9e19d553ef5?t=1786091443352).
- **Identifiers:** UPI ID (VPA), mobile number, bank account number and QR code [[2]](https://sbi.bank.in/web/customer-care/upi1).

## Users & growth

| Metric | Figure | Period | Source |
|---|---|---|---|
| Unique SBI UPI users (by account number) | 25.1 crore, up from 21.2 crore a year earlier | 30 Jun 2026 | [[4]](https://sbi.bank.in/documents/17836/1275616/07082026_SBI+Analyst+Presentation+Q1FY27.pdf/6e4ca530-1666-574e-22fb-f9e19d553ef5?t=1786091443352) |
| UPI remittance transactions | 1,729 crore (17.29 billion) | Q1 FY27 (Apr–Jun 2026) | [[4]](https://sbi.bank.in/documents/17836/1275616/07082026_SBI+Analyst+Presentation+Q1FY27.pdf/6e4ca530-1666-574e-22fb-f9e19d553ef5?t=1786091443352) |
| Share of UPI remittances | 25.32% | latest data in the Q1 FY27 deck | [[4]](https://sbi.bank.in/documents/17836/1275616/07082026_SBI+Analyst+Presentation+Q1FY27.pdf/6e4ca530-1666-574e-22fb-f9e19d553ef5?t=1786091443352) |
| UPI volume, NPCI member table (rank 1) | 6,083.62 million; ₹7,47,792.52 crore | Sep 2026 | [[7]](https://www.npci.org.in/product/ecosystem-statistics/upi) |
| Payments started in "State Bank of India Apps" | 30.94 million; ₹7,119.84 crore (rank 19 of apps) | Sep 2026 | [[7]](https://www.npci.org.in/product/ecosystem-statistics/upi) |
| BHIM SBI Pay QR codes | 60.46 lakh | Jun 2026 | [[4]](https://sbi.bank.in/documents/17836/1275616/07082026_SBI+Analyst+Presentation+Q1FY27.pdf/6e4ca530-1666-574e-22fb-f9e19d553ef5?t=1786091443352) |
| YONO registered users | 10.5 crore, up from 9.0 crore | 30 Jun 2026 | [[4]](https://sbi.bank.in/documents/17836/1275616/07082026_SBI+Analyst+Presentation+Q1FY27.pdf/6e4ca530-1666-574e-22fb-f9e19d553ef5?t=1786091443352) |

The two NPCI rows measure different things. The page does not define the member table, but the app table follows NPCI's "Payer App logic": a payment counts for the app the payer used [[7]](https://www.npci.org.in/product/ecosystem-statistics/upi). The member figure is about 200 times the app figure, so almost all UPI traffic on SBI accounts starts in apps SBI does not run. At the September 2026 investor day SBI reported over 100 million YONO 2.0 registered users and more than 12 million monthly active users [[5]](https://sbi.bank.in/documents/17836/53469043/SBI_Investor_Day_FINAL_INR_.pdf/5e1d32dc-3d19-74c8-6e63-a05e850db58e?t=1789402284983).

## Use cases

- **P2P and merchant payments** by contact, UPI ID, account number or QR scan [[2]](https://sbi.bank.in/web/customer-care/upi1).
- **Merchant acceptance.** In June 2026 SBI counted 60.46 lakh BHIM SBI Pay QR codes, 17.4 lakh SBI POS terminals, 10.7 lakh BHIM-Aadhaar-SBI points and 10.4 lakh Bharat QR points [[4]](https://sbi.bank.in/documents/17836/1275616/07082026_SBI+Analyst+Presentation+Q1FY27.pdf/6e4ca530-1666-574e-22fb-f9e19d553ef5?t=1786091443352).
- **Bills, recharges and travel:** bill payments and mobile recharges, plus flight, bus and hotel booking in the app [[2]](https://sbi.bank.in/web/customer-care/upi1).
- **Cash withdrawal** at ATMs that accept UPI QR cash [[2]](https://sbi.bank.in/web/customer-care/upi1).
- **IPO bids** through UPI mandates, up to ₹5 lakh [[2]](https://sbi.bank.in/web/customer-care/upi1).
- **Outward remittances:** a "Foreign Outward Remittances" tab, enabled for Singapore [[2]](https://sbi.bank.in/web/customer-care/upi1).

## Implementations & partners

- **NPCI:** SBI runs its UPI apps as an NPCI member bank, and its accounts can be linked in any UPI app [[2]](https://sbi.bank.in/web/customer-care/upi1).
- **Paytm:** when NPCI approved One97 Communications as a third-party UPI app in March 2024, SBI was one of its four payment service provider banks, with Axis Bank, HDFC Bank and YES Bank [[11]](https://www.businesstoday.in/amp/latest/corporate/story/paytm-gets-npci-nod-for-tpap-axis-bank-hdfc-bank-sbi-and-yes-bank-come-on-board-421522-2024-03-14). See [Paytm](https://docs.barcoder.ai/docs/wallets/paytm).
- **Card networks:** NPCI's RuPay, Visa, Mastercard and American Express joined Bharat QR at launch [[9]](https://www.medianama.com/2017/02/223-bharatqr-launch-card-networks/). SBI had 25.57 crore debit cards in issue at 30 June 2026 [[4]](https://sbi.bank.in/documents/17836/1275616/07082026_SBI+Analyst+Presentation+Q1FY27.pdf/6e4ca530-1666-574e-22fb-f9e19d553ef5?t=1786091443352).

## Fun facts

- On NPCI's chargeback table for September 2026, SBI is the fourth-largest beneficiary bank, with 2,30,04,66,586 transactions. Three YES BANK codes rank above it, including the one serving PhonePe [[7]](https://www.npci.org.in/product/ecosystem-statistics/upi). See [YES BANK](https://docs.barcoder.ai/docs/wallets/yes-bank).

## Comparison

| | SBI apps (BHIM SBI Pay, YONO) | [PhonePe](https://docs.barcoder.ai/docs/wallets/phonepe) | [Google Pay](https://docs.barcoder.ai/docs/wallets/google-pay) | [BHIM](https://docs.barcoder.ai/docs/wallets/bhim) |
|---|---|---|---|---|
| UPI payments started, Sep 2026 [[7]](https://www.npci.org.in/product/ecosystem-statistics/upi) | 30.94 million | 10,907.14 million | 7,714.51 million | 253.94 million |
| Value, Sep 2026 | ₹7,119.84 crore | ₹13,97,049.52 crore | ₹9,88,157.76 crore | ₹28,730.44 crore |

An account at any UPI bank can be linked in any UPI app, and BHIM SBI Pay itself accepts other banks' accounts [[2]](https://sbi.bank.in/web/customer-care/upi1). SBI therefore wins on accounts and loses on apps: it holds about a quarter of UPI remittances, but its own apps start a fraction of a percent of UPI payments [[4]](https://sbi.bank.in/documents/17836/1275616/07082026_SBI+Analyst+Presentation+Q1FY27.pdf/6e4ca530-1666-574e-22fb-f9e19d553ef5?t=1786091443352) [[7]](https://www.npci.org.in/product/ecosystem-statistics/upi).

## Status

**Active.** The BHIM SBIPay iOS app was last updated on 9 July 2026 (version 2.3.29) [[10]](https://itunes.apple.com/lookup?id=1342240155&country=in). SBI reported its UPI figures in its 7 August 2026 analyst presentation [[4]](https://sbi.bank.in/documents/17836/1275616/07082026_SBI+Analyst+Presentation+Q1FY27.pdf/6e4ca530-1666-574e-22fb-f9e19d553ef5?t=1786091443352). NPCI's September 2026 tables still list SBI as the largest UPI member bank [[7]](https://www.npci.org.in/product/ecosystem-statistics/upi).

## Sources

[1]: https://sbi.bank.in/web/about-us/about-us "About Us — State Bank of India, read 20 Oct 2026"
[2]: https://sbi.bank.in/web/customer-care/upi1 "UPI — Customer Care FAQ (last updated 4 Feb 2025) — State Bank of India, read 20 Oct 2026"
[3]: https://www.medianama.com/2018/05/223-sbi-pay-upi-pos-fy18/ "SBI Pay active users, UPI and POS figures for FY18 — MediaNama, 29 May 2018"
[4]: https://sbi.bank.in/documents/17836/1275616/07082026_SBI+Analyst+Presentation+Q1FY27.pdf/6e4ca530-1666-574e-22fb-f9e19d553ef5?t=1786091443352 "Analyst Presentation Q1FY27 — State Bank of India, 7 Aug 2026"
[5]: https://sbi.bank.in/documents/17836/53469043/SBI_Investor_Day_FINAL_INR_.pdf/5e1d32dc-3d19-74c8-6e63-a05e850db58e?t=1789402284983 "Investor Day deck — State Bank of India, 14 Sep 2026"
[6]: https://www.theweek.in/wire-updates/business/2025/12/14/dcm18-biz-sbi-yono.html "SBI aims to double YONO app users to 20 cr in 2 years — PTI via The Week, 14 Dec 2025"
[7]: https://www.npci.org.in/product/ecosystem-statistics/upi "UPI Ecosystem Statistics, September 2026 (UPI Applications, Top 50 Member Vol & Val, Chargeback tabs) — NPCI, read 20 Oct 2026"
[8]: https://www.npci.org.in/product/upi/product-statistics "UPI Product Statistics — NPCI, read 20 Oct 2026"
[9]: https://www.medianama.com/2017/02/223-bharatqr-launch-card-networks/ "BharatQR launches with card networks — MediaNama, 20 Feb 2017"
[10]: https://itunes.apple.com/lookup?id=1342240155&country=in "BHIM SBIPay — Apple App Store lookup, read 20 Oct 2026"
[11]: https://www.businesstoday.in/amp/latest/corporate/story/paytm-gets-npci-nod-for-tpap-axis-bank-hdfc-bank-sbi-and-yes-bank-come-on-board-421522-2024-03-14 "Paytm gets NPCI nod for TPAP, Axis Bank, HDFC Bank, SBI and YES Bank come on board — Business Today, 14 Mar 2024"

## Source

Biography extracted from [bhim-sbi-pay.md](https://docs.barcoder.ai/source/wallets/bhim-sbi-pay). See `matrix.md` for standards-support matrix if present.