<img src="https://m2p-website-file.s3.ap-south-1.amazonaws.com/marketing-cms/m2p-blog/2025/09/upi-blog-04-2.webp" alt="PPI Discoverability on UPI: The Next Frontier in Digital Payments" title="" id="ex54l76jg" width="100%" height="60">India’s digital payment landscape saw a seismic shift, with the Unified Payments Interface (UPI) processing a staggering over <a class="link Hyperlink SCXW221809982 BCX8" href="https://www.pib.gov.in/PressReleasePage.aspx?PRID=2079544" target="_blank" rel="noreferrer noopener">₹23.49 lakh crores</a> across 16.58 billion transactions, reflecting an impressive 45% year-on-year growth. This remarkable feat has reinforced <a class="link" href="https://m2pfintech.com/blog/cardless-cash-withdrawals-upi-and-the-future-of-seamless-banking/" target="_blank">UPI</a>’s position as the cornerstone for India’s transition into a cashless economy.&nbsp;&nbsp;Building on this momentum, the Reserve Bank of India (RBI) has unveiled PPI Discoverability on UPI, an initiative aimed at democratizing digital payments. This feature introduces unprecedented levels of flexibility and convenience, pushing the boundaries of financial inclusion across the nation.&nbsp;To understand the transformative impact of UPI Discoverability on businesses and users alike, let’s understand what it is.&nbsp;<h2 class="heading-node" id="50fdle25r" style="text-align: left">What is UPI Discoverability?  &nbsp;</h2>UPI Discoverability refers to the integration of Prepaid Instruments (PPI) with Third-Party Application Providers (TPAPs). In simple words, PPI users can now link their wallets/cards to any UPI apps and make payments.&nbsp;PPI users no longer need to juggle between apps and accounts; rather, they can enjoy a unified and seamless payment experience that bridges the gap between PPI wallets and UPI. Moreover, it safeguards users from challenges associated with PPI providers such accessible funds in their wallets, even in cases of service disruptions.  This interoperability empowers customers to maintain their funds in wallets for seamless payments, reducing the need for frequent debits from their bank savings accounts.&nbsp;&nbsp;<h2 class="heading-node" id="cjcid7jqw" style="text-align: left">Benefits of PPI wallets with TPAPs</h2>While the integration of PPI with TPAPs is set to augment digital payment adoption, particularly for small-value transactions, here are some benefits.&nbsp;1. Expanding user choice - Enables users to access a vast number of payment options by linking their PPI wallets to widely used UPI-enabled applications such as PhonePe and Google Pay. This connectivity ensures seamless transactions across multiple platforms, enhancing user experience and empowering consumers to choose payment modes aligned with their preferences.&nbsp;2. Reducing transaction friction - With PPI wallets operating directly within third-party applications, the payment process becomes significantly more streamlined. Users no longer need to toggle between apps to complete transactions, as they can finalize payments through their preferred UPI platform. This reduction in procedural steps accelerates transaction time and enhances the overall user experience, making digital payments more accessible and efficient.&nbsp;3. Strengthening ecosystem interoperability - Interoperability between PPI wallets and TPAPs strengthens the digital payment ecosystem by allowing users to transact over 50 million UPI-accepting merchants without being confined to specific wallet providers. This seamless integration not only simplifies merchant acceptance but also promotes healthy competition among service providers.&nbsp;&nbsp;4. Boosting adoption and user engagement - The convenience and familiarity of using PPI wallets via popular applications drives increased engagement, especially for small-value transactions. This shift is instrumental in fostering a more cashless economy and expanding the reach of digital financial solutions.&nbsp;5. Improves financial management - Several TPAPs offer features like real-time transaction tracking, spending analytics, and budgeting tools, enabling users to gain deeper insights into their financial habits. By leveraging these functionalities, consumers can make more informed decisions about their expenditures and savings, ultimately fostering improved financial health and well-being.&nbsp;However, unlocking the full potential of PPI wallets on UPI requires meeting specific regulatory and technical prerequisites.&nbsp;<h2 class="heading-node" id="thpqsdnxk" style="text-align: left">Leading the Charge in PPI Wallet on UPI Integration &nbsp;</h2>At the forefront of this groundbreaking UPI initiative is M2P Fintech, an NPCI-affiliated partner enabling wallet integration with TPAPs on UPI. Our full stack cloud-native UPI platform is designed to scale and meet your regulatory requirements offering a comprehensive, end-to-end UPI stack. This unified framework empowers financial institutions of all sizes to efficiently launch and scale their UPI programs with ease and precision. Our platform accelerates your go-to-market speed with&nbsp;&nbsp;<ul class="list-node" id="hnuj699ux"><li>100% API Coverage&nbsp;</li></ul><ul class="list-node" id="qu9vw3pvd"><li>Integration with low code platform&nbsp;</li></ul><ul class="list-node" id="fm847ocr5"><li>Limitless scalability&nbsp;</li></ul><ul class="list-node" id="nuq436nmq"><li>Economical TCO&nbsp;</li></ul><ul class="list-node" id="yoylwo24k"><li>Modular Architecture&nbsp;&nbsp;</li></ul>Our platform ensures faster, smoother, and more secure transactions, empowering your business to deliver exceptional payment experiences.&nbsp;Ready to empower businesses with our tailored UPI Switch solutions? &nbsp;Contact us today to demo <a class="link" href="https://m2pfintech.com/contact-us/?activeKey=1&amp;utm_source=Website&amp;utm_medium=Website&amp;utm_campaign=Payments_Blogs" target="">M2P’s UPI Stack</a>.<a class="link fui-Link ___1idfs5o f3rmtva f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1hu3pq6 f11qmguv f19f4twv f1tyq0we f1g0x7ka fhxju0i f1qch9an f1cnd47f fqv5qza f1vmzxwi f1o700av f13mvf36 f1cmlufx f9n3di6 f1ids18y f1tx3yz7 f1deo86v f1eh06m1 f1iescvh ftqa4ok f2hkw1w fhgqx19 f1olyrje f1p93eir f1h8hb77 f1x7u7e9 f10aw75t fsle3fq f17ae5zn" href="https://m2pfintech.com/newsletter/" target="_blank" rel="noreferrer noopener">Subscribe</a>&nbsp;to our newsletter and get the latest fintech news, views, and insights directly to your inbox.Follow us on&nbsp;<a class="link fui-Link ___1idfs5o f3rmtva f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1hu3pq6 f11qmguv f19f4twv f1tyq0we f1g0x7ka fhxju0i f1qch9an f1cnd47f fqv5qza f1vmzxwi f1o700av f13mvf36 f1cmlufx f9n3di6 f1ids18y f1tx3yz7 f1deo86v f1eh06m1 f1iescvh ftqa4ok f2hkw1w fhgqx19 f1olyrje f1p93eir f1h8hb77 f1x7u7e9 f10aw75t fsle3fq f17ae5zn" href="https://www.linkedin.com/company/m2pfintech/mycompany/" target="_blank" rel="noreferrer noopener">LinkedIn</a>&nbsp;and&nbsp;<a class="link fui-Link ___1idfs5o f3rmtva f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1hu3pq6 f11qmguv f19f4twv f1tyq0we f1g0x7ka fhxju0i f1qch9an f1cnd47f fqv5qza f1vmzxwi f1o700av f13mvf36 f1cmlufx f9n3di6 f1ids18y f1tx3yz7 f1deo86v f1eh06m1 f1iescvh ftqa4ok f2hkw1w fhgqx19 f1olyrje f1p93eir f1h8hb77 f1x7u7e9 f10aw75t fsle3fq f17ae5zn" href="https://twitter.com/m2pfintech" target="_blank" rel="noreferrer noopener">Twitter</a>&nbsp;for insightful fintech bytes curated for curious minds like you

How is Wallet Discoverability on UPI set to Transform Digital Payments?

<img src="https://m2p-website-file.s3.ap-south-1.amazonaws.com/marketing-cms/m2p-blog/2025/07/blog-banner.webp" alt="UPI cash withdrawals made easy with M2P’s UPI Switch" title="" id="m72mcthne" width="100%" height="253">In today’s mobile-first economy, even traditional banking touchpoints like ATMs are going cardless.&nbsp;Earlier, many banks facilitated cardless ATM withdrawals using reference numbers or OTPs sent to the customer’s registered mobile number, typically as part of remittance services. However, this approach lacked interoperability and scalability across networks.&nbsp;To address these limitations, the National Payments Corporation of India (NPCI) has launched UPI ATM Cash Withdrawal. By introducing cardless withdrawals, this innovation is reshaping cash access for end users, making transactions quicker, more secure, and accessible to all.&nbsp;Let’s understand what UPI ATM cash withdrawal actually is.&nbsp;<h2 class="heading-node" id="92pd3cr6t" style="text-align: left">What is UPI ATM Cash Withdrawal?&nbsp;</h2>UPI ATM cash withdrawal, also known as Interoperable Cardless Cash Withdrawal (ICCW), is a service that enables users to withdraw cash from participating ATMs using any UPI-enabled mobile app, without needing a physical debit card. This interoperable solution works seamlessly across multiple banks and ATM networks by authenticating transactions through the UPI platform, making cash access faster, more convenient, and secure.&nbsp;Below is a step-by-step overview of the user journey to illustrate how the process works:&nbsp;<img src="https://m2p-website-file.s3.ap-south-1.amazonaws.com/marketing-cms/m2p-blog/2025/07/flowchart.webp" alt="How does M2P's UPI Switch make UPI-based cash withdrawals work?" title="" id="noxc0l8jc" width="100%" height="253"><ol class="list-node" id="1kuvxbpy5"><li>Initiate UPI Cash Withdrawal&nbsp; To start, the user selects the ‘UPI Cash Withdrawal’ option on the ATM screen.</li></ol><ol class="list-node" id="1k1bytvyu" start="2"><li>Specify Withdrawal Amount&nbsp; Then, the user inputs the desired withdrawal amount, up to ₹10,000 per transaction, subject to UPI and bank limits.</li></ol><ol class="list-node" id="68ly4oan8" start="3"><li>Scan QR Code&nbsp; The ATM then generates a dynamic QR code, which the user scans using any UPI-enabled mobile app.</li></ol><ol class="list-node" id="ddzcgq94y" start="4"><li>Authorize via UPI App&nbsp; Once scanned, the user confirms the transaction by entering their UPI PIN within the app.</li></ol><ol class="list-node" id="0v84nr3ne" start="5"><li>Cash Issuance&nbsp; Upon successful authentication, the ATM dispenses the cash instantly.</li></ol>This simple yet secure flow eliminates the need for physical cards or OTP-based authentication while offering users the flexibility to withdraw from any linked UPI account instead of a single bank card.<h2 class="heading-node" id="bz7yrjs98" style="text-align: left">Why it Matters for Banks, PPIs, and TPAPs</h2>UPI-enabled ATM withdrawals represent more than just consumer convenience; they unlock new possibilities for operational efficiency, infrastructure optimization, and inclusive financial growth. &nbsp; Key areas where this innovation is delivering measurable value include<h3 class="heading-node" id="z2p18hal1" style="text-align: left">Enhances Customer Experience</h3>By offering a truly cardless withdrawal journey, banks can meet the evolving expectations of digital-first consumers.<h3 class="heading-node" id="a06f3ni1u" style="text-align: left">Boosts ATM Utilization Through UPI</h3>Integrating ATMs into the UPI ecosystem increases utilization of existing assets while simultaneously boosting digital transaction volumes.<h3 class="heading-node" id="7x0c0rvwr" style="text-align: left">Reduces Risk of Card Fraud</h3>Card-related frauds like skimming and cloning are mitigated since there is no card involved in the process.<h3 class="heading-node" id="hffhjn7ra" style="text-align: left">Expands Financial Access</h3>With UPI adoption rising rapidly in rural and semi-urban areas, cardless withdrawals expand cash accessibility where card penetration remains low.This QR-code-based, interoperable model aligns with India’s larger vision of building a secure, cash-lite, and digitally inclusive economy. Driving this transformation forward are technology providers like M2P, who are actively enhancing and scaling this innovation, bridging the gap between traditional infrastructure and next-gen digital finance.<h2 class="heading-node" id="vxpydgkj6" style="text-align: left">Powering Seamless Cash Withdrawals with M2P’s UPI Switch&nbsp;</h2>M2P’s<a class="link" href="https://m2pfintech.com/upi/" target=""> UPI Switch</a>, a scalable, high-performance platform built for modern digital banking needs, empowers banks, PSPs, and TPAPs to launch cardless cash withdrawals quickly and securely. Fully compliant with NPCI and RBI standards, it ensures smooth interoperability across India’s ATM network while empowering financial institutions to achieve:<h3 class="heading-node" id="nlqiaz3xy" style="text-align: left">Scalable Performance</h3>Built on cloud-native and modular architecture, high transaction volumes with consistent availability and low latency are efficiently handled.&nbsp;<h3 class="heading-node" id="m9kf0yd4n" style="text-align: left">Easy Integration</h3>In addition to enabling ATM cash withdrawals, our platform ensures the rapid rollout of emerging UPI features, helping banks stay future-ready.&nbsp;<h3 class="heading-node" id="svfc35n40" style="text-align: left">Flexible Controls</h3>Transaction limits can be set up to ₹10,000 per withdrawal, fully aligned with UPI regulations and institutional policies.&nbsp;<h3 class="heading-node" id="bjbtx4kot" style="text-align: left">Advanced Security</h3>Every transaction is protected by robust fraud detection and end-to-end encryption, ensuring safety for both banks and customers.&nbsp;As NPCI drives the rollout of UPI ATM access across India’s 2.59 lakh+ ATM network, M2P’s UPI Switch provides the reliability and agility needed to support this nationwide transformation.&nbsp;<h2 class="heading-node" id="vy6hd2vg4" style="text-align: left">Rethinking Cash Access in a Digital-First World&nbsp;</h2>As more institutions adopt UPI-powered ATM access, the lines between digital and physical banking will continue to blur. For banks and fintechs, it’s an opportunity to redefine customer experience and expand service reach. M2P is ready to help you lead this change.Want to see our UPI Switch in action?&nbsp;&nbsp;<a class="link" href="https://m2pfintech.com/contact-us/?utm_source=ATM%20UPI&amp;utm_medium=blog&amp;utm_campaign=cta&amp;utm_content=demo&amp;utm_term=ATM%20UPI%20CTA" target="">Schedule a quick demo</a> and explore how your institution can enable cardless ATM withdrawals securely and at scale.<a class="link fui-Link ___1idfs5o f3rmtva f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1hu3pq6 f11qmguv f19f4twv f1tyq0we f1g0x7ka fhxju0i f1qch9an f1cnd47f fqv5qza f1vmzxwi f1o700av f13mvf36 f1cmlufx f9n3di6 f1ids18y f1tx3yz7 f1deo86v f1eh06m1 f1iescvh ftqa4ok f2hkw1w fhgqx19 f1olyrje f1p93eir f1h8hb77 f1x7u7e9 f10aw75t fsle3fq f17ae5zn" href="https://m2pfintech.com/newsletter/" target="_blank" rel="noreferrer noopener">Subscribe</a>&nbsp;to our newsletter and get the latest fintech news, views, and insights directly to your inbox.Follow us on&nbsp;<a class="link fui-Link ___1idfs5o f3rmtva f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1hu3pq6 f11qmguv f19f4twv f1tyq0we f1g0x7ka fhxju0i f1qch9an f1cnd47f fqv5qza f1vmzxwi f1o700av f13mvf36 f1cmlufx f9n3di6 f1ids18y f1tx3yz7 f1deo86v f1eh06m1 f1iescvh ftqa4ok f2hkw1w fhgqx19 f1olyrje f1p93eir f1h8hb77 f1x7u7e9 f10aw75t fsle3fq f17ae5zn" href="https://www.linkedin.com/company/m2pfintech/mycompany/" target="_blank" rel="noreferrer noopener">LinkedIn</a>&nbsp;and&nbsp;<a class="link fui-Link ___1idfs5o f3rmtva f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1hu3pq6 f11qmguv f19f4twv f1tyq0we f1g0x7ka fhxju0i f1qch9an f1cnd47f fqv5qza f1vmzxwi f1o700av f13mvf36 f1cmlufx f9n3di6 f1ids18y f1tx3yz7 f1deo86v f1eh06m1 f1iescvh ftqa4ok f2hkw1w fhgqx19 f1olyrje f1p93eir f1h8hb77 f1x7u7e9 f10aw75t fsle3fq f17ae5zn" href="https://twitter.com/m2pfintech" target="_blank" rel="noreferrer noopener">Twitter</a>&nbsp;for insightful fintech bytes curated for curious minds like you.

Cardless Cash Withdrawals: UPI and the Future of Seamless Banking

<img src="https://m2p-website-file.s3.ap-south-1.amazonaws.com/m2p-website-file/marketing-cms/m2p-blog/2022/04/Artboard-1-copy-8-3-1.webp" alt="M2P Fintech" title="" width="100%" height="383">Did you know?PPIs in India grew at a 53% CAGR from 41Cr (May 2017) to 226Cr (May 2021). And the potential for future growth is enormous.New to the PPI world?Here’s a little introduction for you.PPIs are prepaid payment instruments that enable <a class="link" href="https://m2pfintech.com/blog/the-rise-of-digital-payments/" target="">digital payments</a> via mobile wallets, <a class="link" href="https://m2pfintech.com/blog/prepaid-cards-101-a-definitive-guide-for-growth-and-profitability/">prepaid cards,</a> and paper vouchers. They are disruptive business enablers with the ability to accelerate the profitability and growth of enterprises worldwide.But how can you tap into the potential of PPIs?First, you need to understand the dynamics behind PPIs. The infographic below will help you grasp and analyze the evolution of PPIs in India from the era of demonetization to the pandemic. You can tap into its immense potential by comprehending growth factors, current status, thriving possibility, RBI initiatives, and much more.<img src="https://m2p-website-file.s3.ap-south-1.amazonaws.com/m2p-website-file/marketing-cms/m2p-blog/2022/06/PPI-1-aug-11.webp" alt="M2P Fintech" title="" id="xbufzjb8z" width="100%" height="1774"><img src="https://m2p-website-file.s3.ap-south-1.amazonaws.com/m2p-website-file/marketing-cms/m2p-blog/2022/06/PPI-2-aug-11.webp" alt="M2P Fintech" title="" id="46kompytm" width="100%" height="2165"><img src="https://m2p-website-file.s3.ap-south-1.amazonaws.com/m2p-website-file/marketing-cms/m2p-blog/2022/06/PPI-3-aug-11.webp" alt="M2P Fintech" title="" id="fjn663498" width="100%" height="2085">Email us at&nbsp;<a class="link au lg" href="mailto:ping@m2pfintech.in" target="_blank" rel="noopener ugc nofollow">ping@m2pfintech.in</a>&nbsp;to issue customized prepaid cards and wallets incredibly fast.<a class="link" href="https://m2pfintech.com/newsletter/">Subscribe</a>&nbsp;to our newsletter and get the latest fintech news, views, and insights, directly to your inbox.Follow us on&nbsp;<a class="link" href="https://www.linkedin.com/company/m2pfintech/mycompany/">LinkedIn</a>&nbsp;and&nbsp;<a class="link" href="https://twitter.com/m2pfintech">Twitter</a>&nbsp;for insightful fintech tales curated for curious minds like you.

Tag: "Prepaid Payment Instruments Ppi (4)"

M2P Fintech