What is e-RUPI that PM Modi is going to launch today, know its merits, how it works

PM Modi to launch digital payment solution e-RUPI on August 2 | Business  News – India TV

Prime Minister Narendra Modi will launch e-RUPI through video conference today i.e. 2nd August at 4.30 pm. It is a cashless and contact-less medium for digital payments. PM Modi on Sunday counted the benefits of the digital payment platform "e-RUPI" and said digital technology is bringing about a comprehensive change in people's lives and making life easier.

In a tweet, the Prime Minister said, "Digital technology is bringing about a big change in the lives of the people and it is also making life easier. The state-of-the-art digital payment solution 'e-Rupi' will be launched tomorrow at 4.30 pm on August 2. It will bring a lot of benefits to the users. '

In another tweet, he said, "Some of the benefits of e-Rupi are as follows. Cashless and contactless digital transactions and services connect sponsors and beneficiaries. Distributes various welfare schemes without any loopholes. '

About e-RUPI

The "e-RUPI" 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. It digitally connects the sponsor of the service with the beneficiaries and service provider sans any physical interface.

'ई-रुपी के कुछ फायदे इस प्रकार हैं। कैशलेस और संपर्क रहित डिजिटल लेनदेन

e-RUPI is a cashless and contactless tool for digital payments. It is a QR code or SMS string-based e-voucher, which is delivered to the beneficiaries' mobile. Users of this payment mechanism can redeem vouchers on the service provider without a card, digital payment app, or internet banking access. This could prove to be a revolutionary step towards ensuring leak-proof delivery of welfare services.

It can be used under schemes like Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, Fertilizer Subsidy, etc. The private sector can also avail of these digital vouchers as part of employee welfare and corporate social responsibility programs.

Lineesh Kumar

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