Prime Minister Narendra Modi will launch e-RUPI on August 2, 2021, by video conferencing. It is a person and purpose-specific digital payment solution.
The electronic voucher points to take foremost PM Modi’s concept of good governance and designing a digital India.
What is e-RUPI?
e-RUPI is a cashless and contactless means for digital payment. It is a QR code or SMS string-based e-Voucher, which can be transmitted on the mobile of the recipients. It is a seamless one-time payment mechanism.
Benefits of e-RUPI
•The users of e-RUPI can obtain the electronic voucher without using a card, internet banking or digital payments app at the service provider.
•e-RUPI will join supporters of the services with the beneficiaries and service providers in a digital practice without any corporeal interface.
•The voucher will guarantee that the payment is delivered to the service provider only after the transaction is completed.
•Being pre-paid, it encourages timely payment to the service to provide without the necessity of any intermediary.
•e-RUPI is supposed to be an innovative leadershipas it will guarantee leak-proof delivery of welfare services.
•It will also be helpful for giving services under schemes intended for giving drugs and nutritional assistance under various Mother and Child welfare schemes and TB eradication programmes and drugs and diagnostics under projects like Ayushman Bharat Pradhan Mantri Jan Arogya Yojana.
e-RUPI has been promoted by the National Payments Corporation of India on its UPI platform. It has been realised in connection with the Department of Financial Services under the Union Ministry of Health & Family Welfare and the National Health Authority.
The electronic voucher will also help the private sector, as they can practice them as a part of their employee well-being and corporate social accountability programmes.