India launches digital payment solution e-RUPI

eRUPI voucher will play a huge role in making Direct Benefit Transfer (DBT) more effective and will give a new dimension to digital governance.

Prime Minister Shri Narendra Modi 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.

Addressing the event, the Prime Minister said that the eRUPI voucher is going to play a huge role in making DBT more effective in digital transactions in the country and  will give a new dimension to digital governance. This will help everyone in targeted, transparent and leakage free delivery.

He said e-RUPI is a symbol of how India is progressing by connecting people’s lives with technology. He also expressed happiness that this futuristic reform initiative has come at a time when the country is celebrating the Amrit Mahotsav on the  75th anniversary of independence.

He said in addition to the government, if any organization wants to help someone in their treatment, education or for any other work, then they will be able to give an eRUPI voucher instead of cash. This will ensure that the money given by him is used for the work for which the amount was given.

The Prime Minister said eRUPI is person as well as purpose specific. eRUPI will ensure that the money is being used for the purpose for which any help or any benefit is being provided.

How does e-RUPI work?

A cashless and contactless solution for digital payment, e-RUPI is a QR code or SMS-string based e-voucher, delivered to the mobile of a beneficiary. A user can, then, redeem the voucher without any card, digital payment app, or Internet banking access, at the service provider – similar to a gift card. It basically brings the sponsor of the services in touch with beneficiaries without any physical interface.