e-RUPI

Aug. 1, 2021

PM Modi will launch e-RUPI, a person and purpose specific digital payment solution on 2nd August 2021.

About:

  • 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 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 has been developed by 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.

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

Source : PIB

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