PM Modi launches e-RUPI digital payment platform


PM Modi launches e-RUPI digital payment platform: Prime Minister Narendra Modi on Monday launched e-RUPI, an electronic voucher that promotes digital payment . "Today the country is giving a new dimension to digital governance," said PM Modi during the virtual launch. "e-RUPI voucher is going to play a huge role in making DBT more effective in digital transactions in the country," he added.

 

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, the official statement said.

 

The instrument 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 and 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....Raed More

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