INSUBCONTINENT EXCLUSIVE:
Government will unveil e-RUPI, a digital payment solution on August 2, 2021The Centre on August 2, 2021 will unveil e-RUPI, a person and
purpose specific digital payment solution.It is a cashless and contactless instrument for digital payment, which will be a QR code or SMS
string-based e-voucher, to be delivered to mobile phones of beneficiaries, an official statement said.Developed by National Payments
Corporation of India (NPCI), the users of e-RUPI will be able to redeem the voucher without a card, digital payments app or internet banking
have also collaborated in its development.e-RUPI connects sponsors of the services with the beneficiaries and service providers in a digital
manner without any physical interface
It also ensures that the payment to the service provider is made only after the transaction is completed
Being pre-paid in nature, it assures timely payment to the service provider without involvement of any intermediary, the statement further
informed.Official sources said that e-RUPI is aimed at ensuring a leak-proof delivery of welfare services
It can also be used for delivering services under schemes meant for providing drugs and nutritional support under various welfare schemes of
the Central Government.Private sector entities can also avail these digital vouchers as part of their employee welfare and corporate social
responsibility programmes, sources informed further.
