India’s PM Launches New Digital Payment System E-RUPI | E-RUPI | What is E-RUPI | E-RUPI Benefits


India’s PM Launches New Digital Payment System E-Rupi | E-Rupi | What is E-Rupi

The prime minister also said that the e-RUPI is an example of how India is moving forward and connecting people within the 21st century with the assistance of advanced technology.


Prime Minister Narendra Modi Monday launched e-RUPI, an individual and purpose-specific cashless digital payment solution and called it a “revolutionary initiative” within the direction of ensuring a leak-proof delivery of welfare services.

Launching an e-voucher that government and personal entities can use to succeed in specific benefits like vaccination to the needy, Modi said that the mechanism will promote leakage-free targeted delivery system to form sure that appropriate relief reaches them.

He said the e-RUPI voucher was a logo of how India was progressing by connecting people’s lives with technology.

He said the utilization of technology to deliver cooking gas subsidy, ration money and other Social Security schemes on to bank accounts of beneficiaries has helped the govt save Rs 1.78 lakh crore thus far by plugging pilferages and removing fake beneficiaries.

E-RUPI may be a cashless medium which will be issued by the govt of India today. This contactless digital payment medium are going to be launched today by the Prime Minister of the country, Shri Narendra Modi. Now you’ll make payment through this e-Rupi Digital Payment at anywhere within the country. Through SMS string or a QR code, this app are going to be sent to mobile as a payment option across the country.

Check out our other interesting blogs also Click Here

What is E-RUPI ?

e-RUPI may be a digital voucher which will be redeemed by beneficiaries once they make use of any specific government services. The digital system doesn’t require a card, app or internet access to redeem the vouchers. The digital tokens are going to be sent to respective citizens by the govt via SMS strings or QR codes to be used for a selected purpose.

The digital token-style system is seen as how to identify potential gaps within the existing welfare payments infrastructure and fix them.

  • e-RUPI is a cashless & contactless instrument for digital payment. it’s a QR code or SMS string-based e-Voucher, which is delivered to the mobile of the beneficiaries.
  • The users of this one-time payment mechanism are going to be ready to redeem the voucher without a card, digital payments app or internet banking access, at the service provider.
  • It has been developed by National Payments Corporation of India on its UPI platform, together with the Department of monetary Services, Ministry of Health & Family Welfare and National Health Authority.
  • e-RUPI connects the sponsors of the services with the beneficiaries and repair providers during a digital manner with none physical interface. It also ensures that the payment to the service provider is formed 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 within the direction of ensuring a leak-proof delivery of welfare services.
  • Not only the govt, if any general organisation or organisation wants to assist someone in their treatment, in their education or for the other work, then they’re going to be ready to give e-RUPI rather than cash, he said.

Benefits of E-RUPI to consumers

  • Contactless: Beneficiary needn’t carry a printout of the voucher
  • Easy redemption: Two-step redemption process
  • Safe and Secure: Beneficiary doesn’t got to share personal details while redemption hence privacy is maintained
  • No digital or bank presence required: Consumer redeeming the voucher needn’t have a digital payment app or a checking account

How does E-RUPI work & Where it can be used ?


The cashless and contactless medium is analogous to how a corporate-provided Sodexo coupon card works. the large difference is there won’t be any card here. The beneficiary, citizen during this case, are going to be given digital vouchers to access targeted welfare services like medicines and nutritional support, and medical diagnostics under the government’s health schemes.

A QR code or SMS-string are going to be sent to the beneficiary, and that they will got to show it to the welfare service provider for the transaction to be complete. No printouts would be required. As these vouchers are created for a selected purpose, they can’t be transferred or cashed out.

e-RUPI is powered by NPCI’s UPI platform and therefore the service has onboarded a few dozen banks to be issuing entities. These include both private and public banking institutions. The beneficiaries are going to be identified by their mobile number, and therefore the vouchers are going to be linked thereto. The digital voucher are often redeemed only that individual.

The government also plans to open the service to non-public enterprises in order that they can use it as a part of their employee welfare or benefits programmes. If private companies prefer to use e-RUPI for his or her employees, they’re going to need to approach one among the partner banks with details of specific individuals and therefore the service they might wish to avail.

Is E-RUPI a Digital Currency ?

No, the e-RUPI is made for a selected transaction for a service availed at a specific welfare centre. The digital vouchers are backed by the Indian rupee and aren’t transferable. This puts e-RUPI within the frame work of a voucher-based payment system than a virtual currency, which features a different character.

Is E-RUPI a Digital Currency ?

According to data intelligence firm Data Reportal, the amount of mobile connections in India as on January 2020 is like 78% of the entire population. and through the amount between January 2019 and January 2020, mobile connections dropped by 1.4%. Enabling the roughly 22% of population to urge a mobile to access welfare services via e-RUPI are going to be a drag to be solved.