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Pm Modi to launch e- RUPI a new digital payment solution on August 2

e-RUPI will be a cashless and contactless payment solution for digital payments, giving another boost to the country’s Digital Payments system

What is E-RUPI

E-RUPI is a contactless digital payments solution that is based on QR code or SMS based e-voucher sent to the mobiles of recipients, this technology will be bringing a seamless payment solution so that the voucher can be redeemed by the recipients without a digital payment app or internet access

This technology is developed by the National Payments Corporation of India on its UPI platform in association with the Department of Financial Services (DFS), National Health Authority (NHA), Ministry of Health and Family Welfare (MoHFW), and partner banks,

which earlier hinted to us for centralised and blockchain-powered Crypto Payments, NPCI states that there is no need for personal information to redeem the voucher and no need for any internet or digital payment app.

Where can e-RUPI be used?

According to sources, It can also be used for delivering services under various schemes meant for 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, fertiliser subsidies etc.

In a Statement, The NPCI clearly states that this payment solution will be processed in a fast and secure way, giving the ability to track the status of the e-voucher to the issuer

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