PM is launching e-RUPI today. What is it about?

Prime Minister Narendra Modi will today launch e-RUPI, a digital payment solution. As per a statement from the PMO, e-RUPI is a personal and purpose-specific digital payment solution. The solution is aimed to ensure that benefits reach their intended beneficiaries in a targeted and leak-proof manner. It will have limited touchpoints between the government and the beneficiary.

About e-RUPI

e-RUPI is a cashless and contactless one-time voucher for digital payments. The National Payments Corporation of India (NPCI) developed the solution based on its UPI platform. It has launched it in association with the Department of Financial Services, National Health Authority, the Ministry of Health and Family Welfare, and partner banks.

The users of this voucher will be able to redeem the voucher without a card, digital payments app, or internet banking. Any organization or the Government can share an e-RUPI voucher with the beneficiary for a specific purpose, via SMS or QR code.

The solution keeps the details of the beneficiaries completely confidential. Corporates can issue vouchers to their employees, hospitals can issue them to their patients, and governments can issue them to beneficiaries of schemes.

What are the benefits?

The e-RUPI voucher reduces cost as the beneficiary doesn’t need any physical instrument. Further, the issue of payment being declined is reduced due to a pre-blocked amount available with the voucher.

In the age of pandemic, the voucher payment is contactless with a 2 step redemption process. Besides, the beneficiary doesn’t need to share any personal details while redeeming the voucher.

On the top, the government expects e-RUPI to revolutionize service delivery by ensuring leak-proof delivery of welfare services under various government schemes.

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Rohit Ranjan Praveer

Rohit is a practicing advocate at Delhi. Beginning as a tech enthusiast, Rohit always had a keen interest in computer forensics and information security. Building upon these fundamentals, he has undertaken extensive research on various techno-legal topics and continues his pursuit pass on valuable information to the masses, with a zeal to build something that outlasts him.​

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