PM Modi to launch e-RUPI digital payment solution today
e-RUPI is a cashless and contactless instrument for digital payment. It is a QR code or SMS string-based e-Voucher, which is delivered to the mobile of the beneficiaries.
FollowPrime Minister Narendra Modi will launch a person and purpose-specific digital payment solution e-RUPI on August 2, via video conferencing.
e-RUPI is a cashless and contactless instrument for digital payment. 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.
"The Prime Minister has always championed digital initiatives. Over the years, several programmes have been launched to ensure that the benefits reach its intended beneficiaries in a targeted and leak-proof manner, with limited touchpoints between the government and the beneficiary," the Prime Minister's Office said in a statement on Saturday.
"The concept of electronic vouchers takes forward this vision of Good Governance," it added.
The PMO statement said that e-RUPI is a QR code or SMS string-based e-voucher 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," it said.
e-RUPI, the PMO said, connects sponsors of services with beneficiaries and service providers without any physical interface while ensuring that the payment to the service provider is made only after the transaction is completed. "Being pre-paid in nature, it assures timely payment to the service provider without the involvement of any intermediary. It is expected to be a revolutionary initiative in the direction of ensuring a leak-proof delivery of welfare services," it added.
The e-RUPI platform has been developed by the National Payments Corporation of India (NPCI) on its UPI platform, in collaboration with the Department of Financial Services, Ministry of Health and Family Welfare and National Health Authority.
The government is expecting the mechanism to ensure a leak-proof delivery of welfare services. It can also be used for delivering services under schemes meant for providing drugs and nutritional support, or diagnostics under schemes like Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, etc. Also, private firms too can leverage these digital vouchers as part of their employee welfare and corporate social responsibility programmes, the PMO said.
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