RNFI launches cardless cash withdrawal via UPI QR codes nationwide in partnership with Jio Payments Bank, expanding financial access across India. The service allows customers to withdraw cash instantly by scanning a QR code at authorized merchant outlets, entering the amount, and authenticating with their UPI PIN. This innovation addresses a critical gap in cash accessibility for millions in rural and semi-urban markets where physical ATM infrastructure remains limited. The service operates with transaction limits of five thousand rupees per withdrawal, ten thousand daily, and fifty thousand monthly. By leveraging UPI's massive adoption scale combined with RNFI's extensive merchant network, the platform enables secure last-mile cash access without requiring ATM cards or biometric authentication.
