e-RUPI is a digital payment solution launched by the National Payments Corporation of India (NPCI) in August 2021.
It is a voucher-based payment system that enables cashless transactions for various purposes such as healthcare, welfare schemes, and corporate incentives, among others.
What is e-RUPI Digital Payment?
e-RUPI is a QR code or SMS-based payment system that connects the sponsors or issuers of the voucher with the beneficiaries without requiring a bank account, a digital payment app, or internet connectivity.
The e-RUPI system works on a voucher-based system, where a unique QR code or an SMS containing a one-time password (OTP) is generated for each transaction.
It is a secure, contactless, and efficient way to disburse payments to beneficiaries directly from the government or private organizations.
e-RUPI aims to make the process of delivering welfare services more transparent and efficient, as the payment is made only after the service or goods are delivered.
e-RUPI does not involve any physical issuance or redemption, and it is a one-time payment system, which reduces the risk of fraud and misuse.
Key Features of e-RUPI
Contactless and Secure
e-RUPI payments are completely contactless, which reduces the risk of infection transmission during the COVID-19 pandemic.
Additionally, e-RUPI payments are secure, as no personal or financial information is shared during the payment process.
Targeted Subsidies and Benefits
e-RUPI vouchers are issued based on certain eligibility criteria, which ensures that the benefits reach the intended beneficiaries.
Easy Redemption
e-RUPI vouchers can be redeemed easily by simply sharing the voucher code or QR code with the service provider or merchant.
Multiple Use Cases
e-RUPI vouchers can be used for a wide range of services, including healthcare, education, and social welfare schemes.
Interoperability
The e-RUPI system is interoperable with multiple payment service providers and banks, which makes it easy to use for both the service provider and the customer.
Who can get e-RUPI Voucher?
e-RUPI vouchers are digital payment vouchers that are issued by the Government of India to provide targeted subsidies and benefits to eligible beneficiaries.
The vouchers can be used to pay for specific services such as healthcare, education, and social welfare schemes.
e-RUPI vouchers are issued to individuals by the government or by corporate entities to their customers or employees.
The vouchers are issued based on certain eligibility criteria, which may vary depending on the purpose of the voucher.
For example, the government may issue e-RUPI vouchers to eligible beneficiaries for vaccination or healthcare services, while a company may issue e-RUPI vouchers to its employees as a part of an employee welfare program.
Benefits of e-RUPI
e-RUPI is beneficial for people in several ways:
Inclusion
e-RUPI is a contactless and digital payment solution that can be accessed by anyone, regardless of whether they have a bank account or access to digital payment apps. This makes it more inclusive and accessible for those who do not have access to traditional banking facilities.
Security
e-RUPI is a secure payment system that eliminates the risk of fraud and misuse. The voucher is generated with a unique code and can only be redeemed by the intended beneficiary. This ensures that the payment is made only for the intended purpose.
Convenience
e-RUPI eliminates the need for physical issuance and redemption, making the payment process more convenient for both the sponsor and the beneficiary. The voucher can be easily accessed through a QR code or SMS and redeemed at the designated service provider.
Transparency
e-RUPI ensures transparency in the disbursement of welfare services and benefits. The payment is made only after the service or goods are delivered, ensuring that the beneficiary receives the full benefit.
Efficiency
e-RUPI enables quick and efficient disbursement of payments, reducing the time and cost involved in the traditional payment process. This can lead to better service delivery and improved outcomes for beneficiaries.
How to Redeem e-RUPI Voucher?
To redeem an e-RUPI voucher, follow these steps:
Step 1 – If you have received an e-RUPI voucher, you will receive an SMS or QR code containing the voucher details.
Step 2 – Take the e-RUPI voucher code or QR code to the service provider or merchant that accepts e-RUPI payments.
Step 3 – The merchant will scan the QR code or enter the voucher code to initiate the payment process.
Step 4 – Once the voucher is validated, the payment will be completed, and you will receive a confirmation message on your registered mobile number.
It is important to note that e-RUPI vouchers are for one-time use only and can only be redeemed at the service provider or merchant that the voucher is issued for.
Additionally, e-RUPI vouchers cannot be exchanged for cash or transferred to another user.
Overall, e-RUPI vouchers are intended to provide a safe, secure, and contactless means of delivering targeted subsidies and benefits to eligible individuals and households.
For more details, you can visit https://www.npci.org.in/PDF/npci/e-rupi/Product-Booklet.pdf
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