Mumbai, March 17, 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.
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 digital 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.
