e-RUPI: 10 Benefits of This Digital Payment Solution
e-RUPI is a cashless and contactless digital payment.
e-RUPI connects service sponsors and beneficiaries digitally.
e-RUPI ensures leak-proof delivery of various welfare services.
It will be sent to beneficiaries mobile as a QR code or SMS string-based e-voucher.
The users will be able to redeem the voucher without a card, digital payments app or internet banking access.
e-RUPI connects the services sponsors with the beneficiaries and service providers digitally without any physical interface.
It ensures the service provider payment is made only after the transaction is completed.
Being pre-paid, it promises timely payment to the service provider without any intermediary involvement.
It can also be used for services under schemes like providing medicines and nutritional assistance under maternal and child welfare schemes, TB eradication programmes, medicines and diagnostics under schemes like fertilizer subsidy, Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, etc.
Private sector can also use these digital vouchers for its employee welfare and corporate social responsibility programmes and more.