PM Modi launches e-RUPI digital payment platform

PM Narendra Modi on Monday launched e-RUPI, an electronic voucher-based digital payment system. e-RUPI can be a cashless and contactless instrument for digital payment. It’ll get delivered to the mobile phones of beneficiaries using a QR code or SMS string.

You from the completely new one-time payment mechanism can redeem the voucher without any card, digital payments application or internet banking access, in the organization.

The working platform remains created through the nation’s Payments Corporation asia (NPCI) on its unified payments interface (UPI) platform, along with the Department of financial Services, Secretary of condition for Health insurance Family Welfare (MoHFW) as well as the National Health Authority.

The PMO in the recent statement mentioned that e-RUPI can be used delivering services under schemes meant for offering drugs and nutritional support under Mother and Child welfare schemes, TB eradication programmes, drugs and diagnostics under schemes like Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, fertilizer subsidies etc.

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It added the private sector can leverage these digital vouchers within their worker welfare and company social responsibility programs.

Speaking within the launch in the new platform, Modi mentioned the e-RUPI voucher will have a substantial role in strengthening the direct benefit transfer (DBT) plan with the government. He further mentioned e-RUPI might help in assuring targeted, transparent and leakage-free of charge for individuals.

Modi mentioned that e-RUPI can be a person additionally to some purpose-specific payment platform.

The pm further noted that technology is being seen as tool to help the indegent. He added that technology is getting transparency in DBT.

Speaking round the adoption of technology, Modi mentioned that India is showing the earth it isn’t behind in adopting new technology. Whether it’s with regards to innovations or utilization of technology inside the delivery of services, India is able to do like a world leader.

He mentioned the job done in digital infrastructure and digital transactions nationwide previously 6-a long time continues to be applauded with the world today.

He added the federal government is utilizing direct benefit transfer to provide benefits of 300 schemes different from LPG to ration to pension right to beneficiaries.