With an aim to promote digital payments, PM Narendra Modi will launch e-voucher-based digital payment solution e-RUPI through video conferencing today at 4.30 pm. It is a prepaid e-voucher, developed by the National Payments Corporation of India (NPCI). E-Rupee is a cashless and contactless instrument. It is a QR code or SMS string-based e-voucher, which is sent to the mobile of the beneficiaries. It will make timely payment to the service provider without the involvement of any intermediary. Let’s know its 10 benefits..
1) E-Rupee is a cashless and contactless digital payment.
2) Digitally connects service sponsors and beneficiaries.
3) Ensures leak-proof delivery of various welfare services.
4) It is a QR code or SMS string-based e-voucher, which is delivered to the mobile of the beneficiaries.
5) Users of this seamless one-time payment system will be able to redeem the voucher without having to access the card, digital payment app or internet banking at the service provider.
6) Connects sponsors of e-Rupee services with beneficiaries and service providers in a digital manner without any physical interface.
7) It also ensures that payment is made to the service provider only after the transaction is completed.
8) Being pre-paid in nature, it assures the service provider of timely payment without the involvement of any intermediary.
9) Apart from regular payments, it can also be used for services under schemes like Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, fertilizer subsidy, maternity and child welfare schemes, TB eradication programmes, medicines and diagnostics. Etcetera.
10) These digital vouchers can also be used by the private sector for its employee welfare and corporate social responsibility programmes.
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