Indian government launch e-rupi payment system: uses, download mobile application, benefit, voucher and bank list.
It is said that progressing slowly does not know when to get success, in the same way, to bring a new revolution in the digital age, the Indian Government (Narendra Modi) on 2nd August 2021 at 4:15 pm through video conferencing e-RUPI introduced to the people.
3 Departments of India collaborated to make this payment method: Ministry of Health and Family Welfare, National Health Authority and Department of Financial Services of India.
The main aim of this payment method is to promote the digital method.
What is e-RUPI?
e-RUPI is a cashless and contactless medium for digital payment. It is an electronic voucher based digital payment system that will be delivered to the mobile of the beneficiaries in the form of a QR code or SMS string.
e-RUPI Payment Gateway was launched on 2nd August 2021 at 4:30 pm via video conference and Narendra Modi through Twitter handle, E-RUPI Digital, which promotes a new energy and digital age for India.
e-RUPI Basic Information:
| e-RUPI | Details |
|---|---|
| Launch Date | 2 August 2021 |
| Payment Getway Full Name | e-RUPI Digital Payment |
| Launch by | Indian Government (Narendra Modi) |
| Departments of India collaborated to make this payment method | Ministry of Health and Family Welfare
National Health Authority Department of Financial Services of India. |
| e-RUPI method | Digital |
| e-RUPI Digtal Currency | NO |
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 e-RUPI work?
e-RUPI will connect the sponsors of the service with the beneficiaries and service providers in a digital manner without any physical interface.
The users will be able to redeem the voucher without a card, digital payments app or internet banking access, at the service provider.
Is e-RUPI a Digital Currency?
No, e-RUPI is closer to a voucher-based payment system that can only be used on specific goods.
Some of its key benefits:
- It 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.
Use Cases of e-RUPI
Besides the delivery of welfare services, it can also be used for delivering services under schemes meant for providing drugs and nutritional support under Mother and Child welfare schemes, TB eradication programmes, drugs & diagnostics under schemes like Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, Fertilizer Subsidies etc.
Banks List included in e-RUPI digital Payment Getway
| Bank included in e-RUPI | Bank Not included in e-RUPI |
|---|---|
| State Bank of India | Union Bank of India |
| Punjab National Bank | Kotak Mahindra Bank |
| ICICI Bank | Bharatiya Mahila Bank |
| HDFC Bank | IndusInd Bank |
| Bank of Baroda | Canara Bank |
| Axis Bank |
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FAQ
Que: What is e-RUPI
Ans: e-RUPI is a cashless and contactless medium for digital payment. It is an electronic voucher based digital payment system that will be delivered to the mobile of the beneficiaries in the form of a QR code or SMS string.