PM Modi Launched e-RUPI Voucher Based Payment Platform

 PM, Modi launched e-RUPI voucher-based payment platform 

Through a videoconference, Prime Minister Narendra Modi introduced the digital payment solution e-RUPI, a people and purpose-specific cashless digital payment solution. e-RUPI is a digital payment solution that is both cashless and contactless. It works as an e-voucher that is given to the beneficiaries' mobile phones via a QR code or SMS string.

He stated the eRUPI voucher is a symbol of how India is developing by integrating people's lives with technology. He expressed his delight that this forward-thinking reform plan had arrived at a time when the country is celebrating the 75th anniversary of its independence with the Amrit Mahotsav.


The National Payment Corporation of India created the e-RUPI platform in association with the Department of Financial Services, the Ministry of Health and Family Welfare, and the National Health Authority.

The e-RUPI initiative will be one of several initiatives introduced over the years to reduce the number of touchpoints between the government and the recipient. It also ensures that benefits reach their intended beneficiaries in a targeted and transparent way.

Speaking at the launch of the new platform, PM Narendra Modi stated that the e-RUPI voucher will play a vital role in improving the government's direct benefit transfer (DBT) scheme.

The e-RUPI one-time payment system will allow consumers to redeem the voucher at the service provider without a card, a digital payment app, or mobile banking access.

To reduce the need for physical interfaces, E-RUPI creates a digital link between service sponsors, receivers, and service providers. It also guarantees that the service provider will be paid after the transaction is completed. Because it is prepaid, it ensures immediate payment to the service provider without the need for an intermediary.

In an announcement today, the PMO claimed that e-RUPI may be used to offer services under Mother and Child Welfare schemes, TB eradication initiatives, medicines, and diagnostics under various government schemes.


Here are some brief points about the e-RUPI digital payment solution that will help you get started.
  •  e-RUPI is a digital payment solution that is both cashless and contactless.
  •  The e-Voucher is based on a QR code or SMS string.
  •  An e-RUPI voucher is purpose and people specific, ensuring that the benefit is used for its sole purpose.
  •  The beneficiaries' mobile phones get digital payment.
  • Users of this one-time payment method will be able to redeem the voucher at the service provider without a card, a digital payment app, or mobile banking access.
  •  The National Payment Corporation of India created the e-RUPI platform in association with the Department of Financial Services, the Ministry of Health and Family Welfare, and the National Health Authority.
  • e-RUPI creates digital connectivity between service sponsors, beneficiaries, and providers, eliminating the necessity for a physical interface.
  • It also guarantees that the service provider gets paid only when the transaction is completed.
  • Its pre-payment nature allows prompt payment to the service provider without the need for a middleman.
  • In addition to the government, the e-RUPI voucher can be utilized by private persons, NGO's and companies to ensure that donations are used for the intended purpose.

In addition to the government, PM Modi stated that any organization wishing to assist someone with their treatment, schooling, or other work might do so by giving an e-RUPI voucher rather than cash. This would ensure that the money he donated was used for the purpose for which it was provided.

More than 17,50 lakh crore were transferred effectively via a direct benefit transfer (DBT) to the accounts of the people. DBT is used in over 3000 schemes, benefiting 900 million Indians in sectors such as LPG, rationing, medical care, scholarships, pensions, and payments.

Digital transactions have enabled the poor and underprivileged, small companies, farmers, and the tribal population. It can be felt in July's record of 300 crore transactions for UPIs, which sum to 6 lakh crore.

Many banks have agreed to issue e-RUPI vouchers. Corporate and government entities will need to contact partner banks including commercial and public-sector lenders with information about the recipients and the purpose of the payment. As of now, this new payment mode will be supported by 11 public and private sector banks.

e-RUPI coupon creation and redemption will be available at State Bank of India (SBI), ICICI Bank, HDFC Bank, Punjab National Bank (PNB), Axis Bank, and Bank of Baroda. Currently, only e-RUPI vouchers will be issued by Canara Bank, IndusInd Bank, Indian Bank, Kotak Mahindra Bank, and Union Bank of India.

What are your thoughts on this new form of payment offered by our government? Please share your thoughts in the comments section below, and stay tuned for more exciting updates.



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