BUSINESS

e-RUPI: PM Modi launches digital payment solution. What is it? Read Here.

Prime Minister Narendra Modi launched e-RUPI, a person and purpose specific, digital payment solution via video conference.

Addressing the event, PM said that the eRUPI voucher is a symbol of how India is progressing by connecting people’s lives with technology.

What is e-RUPI and how does it work?

e-RUPI is a cashless and contactless instrument for digital payment, an official statement said, adding, it is a QR code or SMS string-based e-voucher, which is delivered to the mobile of the beneficiaries.

To begin with e-RUPI facility is available for health services and will be expanded to other segments.

Not only the government, if any general organisation or organisation wants to help someone in their treatment, in their education or for any other work, then they will be able to give eRUPI instead of cash, he said.

The users of this seamless one-time payment mechanism will be able to redeem the voucher without a card, digital payments app or internet banking access, at the service provider, it said.

Sherjeel Malik

Sherjeel Malik is a content writer at Kashmir Digits. Apart from covering current affairs, Sherjeel likes to create content about sports and write opinion based articles.

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