e-RUPI Digital Payment Solution to Be Launched Today by PM Narendra Modi

e-RUPI is a QR code or SMS string-based e-voucher that is delivered to the mobile number of the beneficiaries.

e-RUPI Digital Payment Solution to Be Launched Today by PM Narendra Modi

PM Modi has always championed digital initiatives

Highlights
  • e-RUPI is a cashless and contactless instrument for digital payment
  • It is a QR code or SMS string-based e-voucher
  • e-RUPI connects the sponsors of the services with the beneficiaries
Advertisement

e-RUPI, a person and purpose specific digital payment solution, will be launched by Prime Minister Narendra Modi on Monday at 4:30pm IST via video conferencing, his office said.

Underlining that PM Modi has always championed digital initiatives, the Prime Minister's Office said over the years, several programmes have been launched to ensure that the benefits reach its intended beneficiaries in a targeted and leak-proof manner, with limited touch points between the government and the beneficiary.

The concept of electronic voucher takes forward this vision of good governance, it said.

In its statement, the PMO said e-RUPI is a cashless and contactless instrument for digital payment.
It is a QR code or SMS string-based e-voucher, which is delivered to the mobile of the beneficiaries, the statement said.

The users of this seamless one-time payment mechanism will be able to redeem the voucher without a card, digital payments app or Internet banking access, at the service provider, it said.

It has been developed by the National Payments Corporation of India on its UPI platform, in collaboration with the Department of Financial Services, Ministry of Health & Family Welfare and National Health Authority.

The statement said e-RUPI connects the sponsors of the services with the beneficiaries and service providers in a digital manner without any physical interface.

It also ensures that the payment to the service provider is made only after the transaction is completed.

Being pre-paid in nature, it assures timely payment to the service provider without involvement of any intermediary, the statement said.

The PMO said it is expected to be a revolutionary initiative in the direction of ensuring a leak-proof delivery of welfare services.

It can also be used for delivering services under schemes meant for providing drugs and nutritional support under Mother and Child welfare schemes, TB eradication programmes, drugs and diagnostics under schemes like Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, fertiliser subsidies etc.

Even the private sector can leverage these digital vouchers as part of their employee welfare and corporate social responsibility programmes, the statement said.


Is OnePlus cannibalising itself with the Nord 2 5G? We discussed this and more on Orbital, the Gadgets 360 podcast. Orbital is available on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated - see our ethics statement for details.
Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Further reading: e RUPI, Narendra Modi
Samsung Galaxy Watch 4 Classic Smartwatch Live Photos Surface Online Ahead of Official Launch
Samsung Galaxy A52s 5G Price, Variant Details Tipped by a Retailer Ahead Launch
Share on Facebook Gadgets360 Twitter Share Tweet Snapchat Share Reddit Comment google-newsGoogle News
 
 

Advertisement

Follow Us

Advertisement

© Copyright Red Pixels Ventures Limited 2024. All rights reserved.
Trending Products »
Latest Tech News »