UPI may soon become your ATM, users may use scanner to withdraw cash up to Rs…
Unified Payments Interface (UPI), India’s most trusted digital payments system, may soon take on the role of an ATM. The National Payments Corporation of India (NPCI) has reportedly approached the Reserve Bank of India (RBI) seeking approval to enable QR code–based cash withdrawals via UPI at more than two million banking correspondent (BC) outlets across the country. If cleared, this move could change the way Indians access cash, making it as simple as scanning a code at a local store.
How UPI cash withdrawal will work
The process is designed to be as seamless as any regular UPI transaction.
