New Delhi: Prime Minister Narendra Modi will launch e-RUPI – an individual and objective particular digital payment resolution at 4:30 pm on Monday through video conferencing.
What is e-RUPI
e-RUPI is a cashless and contactless instrument for digital payment. It is a QR code or SMS string-based e-Voucher, which is delivered to the cellular of the beneficiaries.
The customers of this seamless one-time payment mechanism will be capable to redeem the voucher with out a card, digital funds app or web banking entry, at the service supplier.
It has been developed by National Payments Corporation of India on its UPI platform, in collaboration with the Department of Financial Services, Ministry of Health & Family Welfare and National Health Authority.
How does the e-RUPI digital payment work
e-RUPI connects the sponsors of the companies with the beneficiaries and repair suppliers in a digital method with none bodily interface. It additionally ensures that the payment to the service supplier is made solely after the transaction is accomplished. Being pre-paid in nature, it assures well timed payment to the service supplier with out involvement of any middleman.
It is anticipated to be a revolutionary initiative in the path of guaranteeing a leak-proof supply of welfare companies. It will also be used for delivering companies beneath schemes meant for offering medication and dietary assist beneath Mother and Child welfare schemes, TB eradication programmes, medication & diagnostics beneath schemes like Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, fertilizer subsidies and so forth. Even the personal sector can leverage these digital vouchers as a part of their worker welfare and company social duty programmes, mentioned an official launch.
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