What is e-RUPI? | e-RUPI क्या है?
National Payments Corporation of India (NPCI) in association with National Health Authority (NHA),Department of Financial Services (DFS), Ministry of Health and Family Welfare (MoHFW), and partner banks has launched an innovative (digital solution – ‘e-RUPI’).
The users of this seamless one-time payment tool will be able to redeem the voucher without a card, digital payments app or internet banking access, at the merchants accepting e-RUPI. e-RUPI would be shared with the beneficiaries for a specific purpose or activity by organizations or Government via SMS or QR code.
This contactless e-RUPI is easy, safe and secure as it keeps the details of the beneficiaries completely confidential. The entire transaction process through this voucher is relatively faster and at the same time reliable.
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| e-RUPI | pic credit : The financial express |
When was e-RUPI launched?
e-RUPI was launched on 2nd August, 2021, by Prime Minister Mr. Narendra Modi ji.
Official website : www.npci.org.in
What benefits does corporates get?
- Corporates can enable well-being of their employees.
- End to end digital transaction and doesn’t require any physical issurance which leads to cost reduction.
- Voucher redemption can be tracked by the issuer.
- Quick, safe & contactless voucher distribution.
- Easy & Secure - Voucher is authorized via a verification code.
- Hassle free & Contactless payment collection - Handling of cash or cards is not required.
- Quick redemption process - The voucher can be redeemed in a few steps and lesser decline due to pre-blocked amount.
What benefits does consumer gets?
- Easy redemption - 2 step redemption process.
- Contactless - Beneficiary may not carry a print out of the voucher.
- Safe and Secure - Beneficiary doesn’t need to share personal details while redemption is secured.
- No digital or bank presence required - Consumer redeeming the voucher need not have a digital payment app or a bank account.
Hospital benefits from e-RUPI ?
- Quick redemption process - The voucher can be redeemed in a few steps and lesser decline due to pre-blocked amount.
- Easy & Secure - Voucher is authorized via a verification code.
- Hassle free & Contactless payment collection - Handling of cash or cards is not required.
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