e-RUPI, a person and purpose-specific digital payments system was launched by PM Modi today. This electronic voucher based digital payment is a cashless and contactless digital payments medium which essentially would work like a gift voucher.
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This e-RUPI voucher would be redeemable at specific locations and will not require the holder/owner to have any electronic card or even a bank account to execute the payment.
Aimed at giving a boost to digital payment for welfare schemes, e-RUPI has been developed by National Payments Corporation of India (NPCI), Department of Financial Services, Ministry of Health and Family Welfare and the National Health Authority.