PM to Launch Digital Payment Solution E-RUPI Today

Prime Minister Narendra Modi will launch e-RUPI, a person and purpose specific digital payment solution, on Monday via video conferencing, his office said.

In its statement, the PMO said e-RUPI is a cashless and contactless instrument for digital payment to payment, it is a QR code or SMS string-based e-voucher, which is delivered to the mobile of the beneficiaries, the statement said.

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 said.

It has been developed by the National Payments Corporation of India on is UPI platform, in collaboration with the department of financial services, ministry of health & 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 physical interface.

It also ensures that the payment to the service provider is mode only after the transection is completed.   

Being pre-paid in nature, it assures timely payment to the service provider without involvement of any intermediary, the statement said. S-ET

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