PM Modi launches new digital payment system e-RUPI: Key points

New Delhi: Prime Minister Narendra Modi on Monday dispatched e-RUPI – an individual and reason explicit advanced installment arrangement.

Dispatching advanced installment arrangement by means of video conferencing, PM Modi said that the electronic voucher-based computerized installment framework, e-RUPI, to help designated, straightforward, spillage free conveyance.

“e-RUPI is an outline of how India is pushing ahead and interfacing people in the 21st century with the help of pattern setting advancement. I’m happy that it has begun in the year when India is praising its 75th year of Independence,” said PM Modi.

  • e-RUPI is a credit only and contactless instrument for advanced installment.
  • It is a QR code or SMS string-based e-Voucher.
  • e-RUPI voucher isn’t simply reason yet individual explicit likewise, guaranteeing advantage is utilized for expected reason as it were.
  • The advanced installment is conveyed to the versatile of the recipients.
  • The clients of this consistent one-time installment instrument will actually want to reclaim the voucher without a card, computerized installments application or web banking access, at the specialist organization.
  • It has been created by National Payments Corporation of India on its UPI stage, as a team with the Department of Financial Services, Ministry of Health and Family Welfare and National Health Authority.
  • e-RUPI associates the backers of the administrations with the recipients and specialist organizations in an advanced way with no actual interface.
  • It likewise guarantees that the installment to the specialist organization is made solely after the exchange is finished.
  • Being paid ahead of time in nature, it guarantees ideal installment to the specialist organization without inclusion of any middle person.
  • Besides government, the e-RUPI voucher can likewise be utilized by private people, substances to guarantee gifts are utilized for reason implied for.