PM Narendra Modi to launch ‘futuristic digital payment solution’ e-RUPI Today
Prime Minister Narendra Modi will launch a person and purpose-specific digital payment solution, e-RUPI, on Today (August 2) via video conferencing.
“Digital technology is transforming lives in a major way and is furthering ‘Ease of Living.’ At 4:30 PM tomorrow, 2nd August, will launch e-RUPI, a futuristic digital payment solution which offers several benefits for its users,” Modi said in a tweet on Sunday.
Some of the benefits of e-RUPI are:
Cashless and contactless digital payment.
Connects service sponsors and beneficiaries digitally.
Ensures leak-proof delivery of various welfare services.
— Narendra Modi (@narendramodi) August 1, 2021
PM also said that among the benefits of e-RUPI are cashless and contactless digital payment, connecting service sponsors and beneficiaries digitally, and ensuring leak-proof delivery of several welfare services.
e-RUPI is a cashless and contactless instrument for digital payments. It acts as an e-voucher based on a QR code or SMS string, which is delivered to the mobile phones of the beneficiaries.
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.
“It is expected to be a revolutionary initiative in the direction of ensuring a leak-proof delivery of welfare services. It can also be used for delivering services under schemes meant for providing drugs and nutritional support under Mother and Child welfare schemes, TB eradication programs, drugs and diagnostics under schemes like Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, fertilizer subsidies, etc,” PMO stated.
“Even the private sector can leverage these digital vouchers as part of their employee welfare and corporate social responsibility programs,” it added.
