THEBUSINESSBYTES
BUREAU
MUMBAI,
MARCH 18, 2026
Jio Payments Bank
Limited (JPBL), a wholly-owned subsidiary of Jio Financial Services Limited,
has introduced UPI-based cash withdrawal through its Business Correspondent
(BC) touchpoints, marking an important step towards strengthening India’s
digital payments ecosystem and advancing financial inclusion in the country.
The feature enables
customers, particularly in rural and semi-urban areas, to conveniently withdraw
cash by simply scanning a UPI QR code and authorizing the transaction through
their UPI application, eliminating the need for debit cards or access to
traditional ATM infrastructure.
By enabling cardless
cash withdrawals at BC touchpoints, the initiative bridges the gap between
digital payments and physical cash access, while providing first-time digital
users with an assisted and secure way to experience UPI transactions.
Through this
initiative, JPBL continues to leverage the digital payments infrastructure and
its last-mile BC network to expand accessible banking services, strengthen
UPI's reach among cash-dependent segments, and enhance financial inclusion
across rural and semi-urban India.
