Prime Minister Shri Narendra Modi on 2nd August 2021 has launched Digital Payment solution e-RUPI, a person and purpose specific digital payment solution, today via video conference.
e-RUPI is a cashless and contactless instrument for digital payment developed by the National Payment Corporation of India (NPCI).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.
These vouchers are like e-gift cards, which are prepaid in nature. The code of the cards can be shared either via SMS or the OR code can be shared. These e-vouchers will be person and purpose-specific. Even if one does not have a bank account or a digital payment app or a smartphone can benefit from these vouchers.
