RNFI Services, through its fintech platform Relipay, has made a nationwide rollout of its UPI QR-based cash withdrawal service in partnership with Jio Payments Bank, following a successful pilot phase.
The service enables customers to withdraw cash instantly by scanning a UPI QR code at authorized outlets in RNFI’s Business Correspondent network.
Customers can simply scan the QR code, enter the withdrawal amount, and authenticate using their UPI PIN.
Once completed, the merchant dispenses the cash, enabling a simple and frictionless assisted transaction experience.
Krishnakumar Daga, Chief Executive Officer, RNFI Services said UPI has transformed digital payments across India, but access to cash remains critical for millions, especially in rural and semi-urban markets.
The new service bridges that gap by combining the scale of UPI with the reach of the company’s assisted network, enabling secure and seamless last-mile cash access.
The service will be available across RNFI’s extensive merchant network, ensuring access to cash withdrawal services for customers across urban, semi-urban, and rural markets.
In addition to improving customer convenience, the rollout is expected to drive higher transaction volumes and deepen engagement across the company’s merchant ecosystem.
Some of the key features of the service include fast and secure cash withdrawals through UPI QR scan, availability across authorized retail outlets, no requirement for ATM cards or biometric authentication, and a seamless experience across all UPI-enabled applications.
The service offers a per transaction limit of ₹5,000, with a daily limit of ₹10,000 and a monthly limit of ₹50,000.
This launch marks a significant expansion of RNFI’s assisted digital banking offerings and strengthens its partnership with Jio Payments Bank. As UPI adoption continues to scale, QR-based cash withdrawals are expected to emerge as a key assisted transaction channel, particularly in markets where access to physical cash remains essential.
Published on March 18, 2026
