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Launch · Financial Services

Ezeepay launches UPI cash-out service

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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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Same day

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