- UPI-powered withdrawals now live at BC touchpoints across rural and semi-urban India
- No ATM, no debit card—just a QR scan for instant cash access
- Bridging digital payments with real-world liquidity to drive financial inclusion
NE BUSINESS BUREAU
MUMBAI, MAR 18
Jio Payments Bank Limited (JPBL), a wholly-owned subsidiary of Jio Financial Services Limited, has rolled out a UPI-based cash withdrawal service through its extensive Business Correspondent (BC) network, marking a significant leap in India’s digital banking evolution.
The newly introduced feature allows customers—especially in rural and semi-urban regions—to withdraw cash seamlessly by scanning a UPI QR code and authorising the transaction via their UPI app. The process eliminates the need for debit cards or access to conventional ATM infrastructure, making cash access faster, simpler, and more inclusive.
By enabling cardless cash withdrawals at BC touchpoints, JPBL is effectively bridging the gap between digital payments and physical cash needs. The initiative also offers first-time digital users an assisted, secure entry into UPI transactions, enhancing trust and usability among cash-dependent populations.
Leveraging India’s robust digital infrastructure and its last-mile BC network, JPBL aims to expand accessible banking services, deepen UPI penetration, and accelerate financial inclusion across underserved geographies.
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