Aug 05, 2021 12:15 PM IST
Prime Minister Narendra Modi launched digital payment solution e-RUPI on August 2. The government aims to take forward the concept of electronic voucher with a vision of good governance. In this video, we tell you what e-RUPI is, how it works and its benefits.
- Aug 03, 2021 03:41 PM IST
Financial circles are speculating whether the launch of e-RUPI is a milestone on the road to a digital currency but experts say the two instruments are meant for different purposes although they share the common feature of eliminating middlemen
- Aug 02, 2021 09:26 PM IST
With the virtual, pre-paid voucher-like payment interface ensuring timely, transparent, and leak-proof delivery to mandated customers, not only does it benefit the transfer of various government welfare schemes but also can be deployed by corporate firms for their corporate social responsibility practices.
- Aug 02, 2021 08:55 PM IST
Moneycontrol has learnt from a top official that to start with, the e-RUPI platform is likely to be used to transfer food and fertilizer subsidies to beneficiaries. Beyond that, while the technology has possibilities, the government will gauge how it develops and how other welfare schemes can be routed through this channel.
- Aug 02, 2021 05:53 PM IST
"e-Rupi, in a way, is person and purpose specific," Prime Minister Narendra Modi said, adding that the payments solution would ensure that the amount provided to a beneficiary is used only for the intended purpose.
- Aug 02, 2021 03:12 PM IST
PM Narendra Modi will inaugurate a new digital payment, e-RUPI, on August 2 via video conferencing. e-RUPI is a cashless and contactless medium for digital payment. Here's everything you need to know about it.
- Aug 02, 2021 12:28 PM IST
Per Prime Minister Narendra Modi’s tweet, the system will be launched today at 4:30 pm. Notably, the platform has been collaboratively developed by the National Payments Corporation of India (NPCI), the Department of Financial Services, the Ministry of Health and Family Welfare, and the National Health Authority.
- Aug 02, 2021 09:37 AM IST
e-RUPI is a cashless and contactless instrument for digital payment.
- Aug 02, 2021 08:03 AM IST
Underlining that Modi has always championed digital initiatives, the Prime Minister's Office said over the years, several programmes have been launched to ensure that the benefits reach its intended beneficiaries in a targeted and leak-proof manner, with limited touch points between the government and the beneficiary.
- Jul 31, 2021 10:23 PM IST
Apart from being a cashless and contactless instrument for digital payment, e-RUPI is a QR code or SMS string-based e-Voucher, which is delivered to the mobile of the beneficiaries.