Prime Minister Narendra Modi will launch e-RUPI today i.e. on 2nd August 2021 at 4.30 pm through video conference. It is a cashless and contactless medium of digital payment. PM Modi on Sunday enumerated the advantages of the digital payment platform “e-RUPI” and said that digital technology is bringing about a massive change in people’s lives and making life easier.
PM Modi said –
On tweeter, the Prime Minister said, “Digital technology is transforming lives of people in a big way and making life easier. The state-of-the-art digital payment solution ‘e-Rupi’ will be launched tomorrow at 4.30 pm on 2nd August. This will bring a lot of benefits to the users.
And In another tweet, PM said, “Some of the benefits of e-rupee are as follows. Cashless and contactless digital transactions and service connecting sponsors and beneficiaries. Makes flawless distribution of various welfare schemes.
Digital technologies are transforming lives in major ways and furthering ‘Ease of Living.’ At 4:30 PM tomorrow, 2nd August 2021, will launch e-RUPI, a futuristic digital payment solution that offers several benefits for its users. For More click here.
Let us tell you that the “e-RUPI” has been developed by the NPCI (National Payments Corporation of India) on its UPI platform in collaboration with the Department of Financial Services, Ministry of Health and Family Welfare, and National Health Authority. It connects the sponsor of the service with the beneficiaries and service provider in a digital manner without any physical interface.
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e-RUPI is a cashless and contactless means of digital payment. It is a QR code or SMS string-based e-voucher, which is delivered to the mobile of the beneficiaries. Users of this payment mechanism can redeem the voucher at the service provider without a card, digital payment app, or internet banking access. This could prove to be a revolutionary step towards ensuring leak-proof delivery of wellness services.
Some of the benefits of e-RUPI are:
- Cashless and contactless digital payment system.
- Connects service sponsors and beneficiaries digitally.
- Ensures leak-proof delivery of various welfare services.
It can be used under schemes like Ayushman Bharat, Pradhan Mantri Jan Arogya Yojana, Fertilizer Subsidy, etc., under schemes for maternal and child welfare schemes, TB eradication programmes, medicines and diagnostics for giving medicines and nutritional support. The private sector can also avail of these digital vouchers as part of employee welfare and corporate social responsibility programs.