Hyderabad/Mumbai, March 17 -- Jio Payments Bank Limited (JPBL), a subsidiary of Jio Financial Services Limited, on Tuesday introduced UPI-based cash withdrawal services through its Business Correspondent (BC) network.
The initiative enables customers to withdraw cash by scanning a UPI QR code and authorising the transaction via their UPI application, eliminating the need for debit cards or access to ATMs, the bank said in a release.
The service is aimed particularly at users in rural and semi-urban areas, offering a convenient and assisted mode of accessing cash while using digital payment systems.
The company said the feature bridges the gap between digital payments and physical cash access, while also helping first-time users gain conf...