Prime Minister Narendra Modi today launched the e-RUPI to promote digital payments. Addressing the people who participated in this video conferencing, Prime Minister Modi said that the e-voucher-based digital payment solution was launched in the evening. Specific purpose with e-rupee person.
This is how e-Rs works
E-Rupee connects service providers with beneficiaries and service providers digitally, without any physical interface. This ensures that the payment is made to the service provider only after the transaction is completed. E-RuPay is pre-paid, so it provides timely payment to service providers without any intermediary partnership.
Advantages of e-Rs
This is a revolutionary initiative in the direction of preventing theft of welfare services. It is a cashless and non-contact method that directly connects service providers and takers. With this, the benefits of government projects go directly to beneficiaries. It reduces corruption. It can provide services under Medicines and Treatment, Fertilizer Subsidy Schemes under the Mothers and Child Welfare Schemes, TB Eradication Programs, Ayushman Bharat Prime Minister Jan Health Scheme.
This is a QR code or SMS string based e-voucher that is sent directly to the beneficiary’s mobile. In this one-time payment service, users will be able to redeem vouchers without any card, digital payment app or internet banking. Through this, departments or institutions related to government projects have direct contact with beneficiaries and service providers without any physical contact. These digital vouchers can be used for the welfare of their employees and corporate social responsibility programs in the private sector. This will ensure that the service provider is paid only after the transaction is completed.