Tuesday, October 4, 2022

PM Narendra Modi will launch digital payment solution e-RUPI today, know how you will benefit from this initiative

E-RUPI Launch: India is going to take another big step in the field of digital payments today. Prime Minister Narendra Modi will launch e-voucher-based digital payment solution e-RUPI through video conferencing today. Through this, the benefits to the beneficiaries will be able to reach them without leakage, that is, there will be no middleman or intermediary in the middle. 

What is E-RUPI?

Now let us understand what is this e-RUPI thing. Actually, this is a cashless and contactless method. It is a QR code or SMS string-based e-voucher, which is sent to the mobile of the beneficiaries. Users of this one-time payment mechanism will not need to access any card, digital payment app, or internet banking on the service provider to redeem the voucher. 

Read More: School Reopen: Schools are opening in these states from today amid Corona, read guidelines

No intermediary needed 

E-RUPI interconnects the sponsors of services with the beneficiaries and service providers in a digital manner without any physical interface and also ensures that payment is made to the service provider only after the transaction is completed. Being prepaid, it pays the service provider on time without any intermediary involved. This can be a revolutionary step towards ensuring leak-proof delivery of services.

These plans will benefit 

The E-RUPI platform can be used in many social welfare schemes. Ayushman Bharat can also be done for providing services under schemes like Pradhan Mantri Jan Arogya Yojana, Fertilizer Subsidy under Mother and Child Welfare Schemes, TB eradication programs, medicines, and schemes for giving nutritional support under diagnostics. Even the private sector can use these digital vouchers as part of their employee welfare and corporate social responsibility programs.

The main objective of launching the digital payment solution e-RUPI is to make online payment more easy and secure. The platform has been developed by the National Payments Corporation of India (NPCI) in association with the Department of Financial Services, Ministry of Health and Family Welfare, and National Health Authority.



Please enter your comment!
Please enter your name here


Most Popular



Vistara Airlines Live TV Service: Vistara passengers will be able to watch World Cup matches during the flight, live streaming starts in the airline

Vistara On Board Live TV: If you travel by Vistara Airlines, then you will be happy to hear this news. Passengers will now be...

Six significant changes took effect on October 1st: cheaper cylinders, tokenization technology adopted for card payments, higher interest rates on small savings plans.

October 1st brought about a lot of changes. Income taxpayers will be unable to participate in the Atal Pension Scheme. In addition, a tokenization...

Card tokenization regulations that go into effect from October 1st prohibit businesses from saving credit and debit card information and require them, understand...

Beginning on October 1st, new rules will apply to cardholders who use debit and credit cards. The Reserve Bank of India's (RBI) Card-on-File Tokenization...

Digital Life Certificate: Pensioners get exemption on submission of life certificate, know new update, follow these steps

Deadline for submission of life certificate: If you take advantage of any pension scheme from the central government, then this news can prove to...

Toyota Cars Price Hiked: Toyota has increased the prices of these vehicles, now will have to spend 77 thousand rupees more

Toyota Fortuner, Innova Price: Toyota's SUV has a stronghold in the Indian market. Among these, Innova Crysta and Fortuner have a lot of sales....

Most Popular


* indicates required