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‘e-RUPI’ -- Digital Payment Solution

Published on August 01, 2021
Current Context: Prime Minister Narendra Modi will be launching a Digital Payment Solution named ‘e-RUPI’.
‘e-RUPI’ -- Digital Payment Solution
  • The e-RUPI is an e-voucher-based payment solution.
  • It is one step forward by India to limit touchpoints between the government and the beneficiary.
  • The ‘e-RUPI’ will make sure that benefits reach their intended beneficiaries in a leak-proof manner.
  • The ‘e-RUPI’ is a cashless and contactless instrument that will be used for digital payment transactions.
  • It will work as an e-voucher as it will be based QR code or SMS system, which will be sent onto the mobile phones of the beneficiaries.
  • It will reduce physical interconnections between the entities, as it will connect service sponsors with the beneficiaries or service providers through a digital medium.
  • It will make sure that payment to the service provider is made only after the transaction is completed.
  • The ‘e-RUPI’ is a prepaid product and is a one-time payment mechanism, as it allows users to redeem the voucher without a card, digital payments app or internet banking access, at the service provider.
  • The National Payments Corporation of India (NPCI) has developed the ‘e-RUPI’ on its UPI platform in partnership with the Department of Financial Services, Ministry of Health and Family Welfare and National Health Authority.
  • Its working areas will be delivering services like providing drugs and nutritional support under Mother and Child welfare schemes, TB eradication programmes, drugs and diagnostics under schemes like Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, fertilizer subsidies, etc.
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