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Jio Payments Bank launches cardless cash withdrawals via QR code in India, boosting digital access in rural areas.
Jio Payments Bank has launched a UPI-based cardless cash withdrawal service in India, enabling users to withdraw cash by scanning a QR code at business correspondent locations without needing a debit card or ATM.
The service, aimed at boosting financial inclusion in rural and semi-urban areas, allows transactions to be authorized via the user’s UPI app, supporting first-time digital users.
Leveraging Jio’s extensive BC network, the initiative strengthens India’s digital payments ecosystem by bridging digital transactions with physical cash access, promoting cashless adoption and expanding banking services to underserved populations.
Jio Payments Bank lanza retiros de efectivo sin tarjeta a través del código QR en la India, impulsando el acceso digital en las áreas rurales.