Launch · Financial Services
Ezeepay launches UPI cash-out service
By Startup Enthusiast ·
- Date
- Company
- Ezeepay
- What it does
- Assisted digital financial services platform
- Kind
- Launch
- Sector
- Financial Services
What they do
Ezeepay is a fintech platform for assisted digital financial services across India
What happened
It announced a UPI cash-out service on 2 April 2026, going live in the second week of April, with per-transaction limits of Rs 1,000 to Rs 5,000
Why it matters
The service targets semi-urban and rural areas, with fees capped at Rs 10 per transaction, and aims to bridge digital and physical financial services
The details
- The service goes live in the second week of April 2026, following RBI guidelines.
- It allows cash withdrawals via UPI at banking outlets, agents, and retail outlets.
- Withdrawal limits are set at a minimum of Rs 1,000 and a maximum of Rs 5,000 per transaction.
- The monthly withdrawal cap is Rs 50,000 per customer.
- The fee is capped at Rs 10 per transaction.
- The service targets semi-urban and rural areas through a network of agents and retail outlets.
- Ezeepay's CEO, Shams Tabrej, said the mission is to bridge the gap between digital and physical financial services.
The bigger picture
- This launch expands Ezeepay's existing services, which include Aadhaar-enabled payments, bill payments, and money transfers.
- It provides a new income stream for agents and retail partners through a nominal fee per transaction.
- The service aims to improve financial inclusion in underserved areas.
- It leverages the widespread adoption of UPI for cash access.
About the business
- Ezeepay is a fintech platform for assisted digital financial services across India.
- It offers Aadhaar-enabled payments, bill payments, and money transfers.
- The company operates through a network of agents and retail outlets.
- It focuses on semi-urban and rural areas.
- It earns through commissions and fees per transaction.
- The new UPI cash-out service allows cash withdrawals at partner outlets.
What happens next
- Go-live of the UPI cash-out service in the second week of April 2026.
The deal
- Type
- launch
Founders
- Shams Tabrej, Co-founder & CEO
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