PM Modi launched India’s 1st contactless digital payment platform today 2nd August Monday. A person and purpose specific platform, e-RUPI is a concept of electronic vouchers that take forward the PM’s vision of good governance.

It is a QR code or SMS string-based e-voucher, which is delivered to the mobile of the beneficiaries. 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 is a cashless and contactless instrument for digital payment developed by the National Payments Corporation of India
• Connects sponsors of the services with beneficiaries and service providers in a digital manner without any physical interface
• Assures timely payment without the involvement of any intermediary
• It can also be used for delivering services meant for providing drugs and nutritional support under Mother and Child welfare schemes, TV eradication programmes etc.

As per PMO, e-RUPI has been developed by the National Payments Corporation of India on UPI platform in collaboration with the Department of Financial Services, Ministry of Health & Family Welfare and National Health Authority. It can also be used for delivering services meant for providing drugs and nutritional support under Mother and Child welfare schemes, TV eradication programmes etc.

e-RUPI assures timely payment to the service provider without any intermediary involvement. It can prove to be extremely beneficial for providing medicines and nutrition under Mother and Child Welfare Schemes, TB eradication programmes, drugs and diagnostics under schemes like Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, fertiliser subsidies etc. The vouchers can also be used by the private sectors as part of their employee welfare and corporate social responsibility programmes.

(with inputs from indiatvnews)