PM Narendra Modi Will Launch e-RUPI a New Digital Payment Solution

02 August 2021: The Modi Government is Going to launch a person and purpose-specific digital payment solution e-RUPI digital payment solution which is delivered to the mobile of the beneficiaries.

Today Prime Minister Narendra Modi will launch e-RUPI via video conferencing. The govt. is aiming to take forward the concept of e-Voucher with a vision of good governance.

According to the PMO statement on July 31, “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,”.

e-RUPI will connect the sponsors of the services with the beneficiaries and service providers in a digital manner without any physical interface. It will ensure the completion of the transaction after adding the statement. e-RUPI is pre-paid payment solution that will also ensure timely payment to the service provider.

According to PMO reports, the government is expecting the mechanism to ensure a leak-proof delivery of welfare services. It can be used for delivering services under government schemes like Ayushman Bharat, Pradhan Mantri Jan Arogya Yojana, etc.

The new e-RUPI payment solution is been developed by the National Payments Corporation of India (NCPI).

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