Jio Payments Bank introduces UPI-based cash withdrawal service
India, March 17 -- Jio Payments Bank (JPBL), a wholly-owned subsidiary of Jio Financial Services 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 ...
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