What is e-RUPI app and how does it work? PM Modi launched it on Monday
'e-Rupi' has been developed by National Payments Corporation of India in collaboration with the Department of Financial Services, Ministry of Health and Family Welfare and National Health Authority
Prime Minister Narendra Modi on Monday launched digital payment solution 'e-Rupi' (e-RUPI). 'e-Rupi' is a cashless and contactless medium for digital payments. 'e-Rupi' has been developed by the National Payments Corporation of India on its UPI platform in collaboration with Department of Financial Services, Ministry of Health and Family Welfare and National Health Authority. Its purpose is to stop the misuse of government welfare schemes. Through this, it will be ensured that the benefit will reach only to the people it is supposed to be reached. It can be transferred to the mobile phone of the beneficiaries in the form of QR code or SMS.
What is e-RUPI and how does it work?
Now beneficiaries can get a QR code or an SMS-based electronic voucher on their mobile phones, according to a statement by the PMO. They do not need a card, digital payment app, or even internet banking to avail e-vouchers. For example, you bought a product and got a voucher on purchase. In e-RUPI, you will not need to carry the hard copy of the voucher. Vouchers can be sent to your mobile phone in the form of QR code or SMS.
The digital solution is completely secure as it ensures payment only after the transaction is completed, the statement said. Being pre-paid, the payment will be made on time to the service provider without any middleman.
This system can also be very useful in ensuring the welfare services of the government, such as providing medicines and nutritional support under mother and child welfare schemes or under TB eradication programmes.
Beneficiaries can also be benefited through e-vouchers for Ayushman Bharat, Pradhan Mantri Jan Arogya Yojana and fertilizer subsidy, etc. Benefits will be transferred in the form of vouchers, in which case they will be used for the same work for which it has been given.