Mumbai: The State Bank of India (SBI) and Reliance Industries Ltd (RIL) on Thursday extended their partnership to the digital payments space by bringing various services to their customers.

Both the entities have already formed a payments bank joint venture - Jio Payments Bank - in which RIL holds 70 per cent and the rest is with the country's largest bank.

Reliance Jio and the SBI on Thursday joined hands in a digital partnership.

Under the pact, SBI Yono, an omnichannel platform offering digital banking, commerce and financial superstore services will be enabled through the MyJio platform to customers.

MyJio, the over-the-top (OTT) mobile application, will bring in the financial services capabilities of the SBI and Jio Payments Bank - a move that is expected to help Jio subscribers.

A joint statement said the SBI will be engaging Jio as one of its preferred partners for designing and providing network and connectivity solutions.

It added Jio's strong network in urban and rural regions will allow the SBI to launch customer-centric services such as video banking and other on-demand services. Further, Jio phones will be available on special offers for SBI customers.

SBI chairman Rajnish Kumar said the step will enhance the digital footprint of the bank's customers.