New Delhi, April 02: Ezeepay, a leading fintech platform enabling assisted digital financial services across India, has announced the launch of its new UPI Cash-Out service, allowing customers to withdraw cash seamlessly through its widespread network of banking outlets. The service is expected to go live in the second week of April, in compliance with Reserve Bank of India (RBI) guidelines.
With this new feature, customers can now use UPI to withdraw cash ranging from a minimum of ₹1,000 to a maximum of ₹5,000 per transaction, with a monthly withdrawal cap of ₹50,000. The service will be available across Ezeepay’s extensive network of agents and retail outlets, ensuring easy access to cash, particularly in semi-urban and rural areas.
In addition, the platform has introduced a nominal commission model, where each cash withdrawal transaction will carry a fee, capped at ₹10 per transaction, ensuring affordability for users while creating an additional income stream for agents and retail partners.
Commenting on the launch, Mr. Shams Tabrej, Co-founder & CEO, Ezeepay, said:
“At Ezeepay, our mission has always been to bridge the gap between digital and physical financial services. With the introduction of UPI Cash-Out, we are empowering customers with a simple and secure way to access cash through their trusted neighborhood retailers. This service not only enhances financial convenience for users but also creates an additional income stream for our agents and retail partners, strengthening the overall ecosystem.”
The initiative aligns with the broader vision of enhancing digital financial inclusion, enabling users, particularly in underserved regions, to benefit from a seamless blend of digital and physical financial services. For Ezeepay’s agent network, the feature is expected to drive higher footfall and recurring earnings, further strengthening the company’s grassroots presence.
As digital payments continue to rise across India, Ezeepay’s UPI Cash-Out service aims to address the persistent need for cash accessibility, ensuring that convenience, compliance, and customer-centricity remain at the core of its offerings.
