Overview
- RNFI Services, via its Relipay platform, announced a nationwide launch of UPI QR-based cash withdrawals in partnership with Jio Payments Bank following a pilot.
- Customers scan a UPI QR code at authorized outlets, enter the amount in their UPI app, authenticate with a UPI PIN, and receive cash from the merchant.
- RNFI stated transaction limits of Rs 5,000 per withdrawal, Rs 10,000 per day, and Rs 50,000 per month for the service.
- Jio Payments Bank had introduced the UPI-based, cardless cash withdrawal feature at business correspondent touchpoints a day earlier.
- Current reports draw on company releases without independent verification or disclosed metrics on deployment scale, partner readiness, or user uptake.