On 2 August 2021, a digital payment solution was launched by the honorable prime minister of India.
E RUPI is a cashless and contactless payment method. Through it, the government is trying to bring an e-voucher system.
Under it, a QR code or message will be delivered to the mobile of the beneficiary. Through it, vouchers can be redeemed without a card, digital payment app, or net banking.
Developed by the National Payments Collaboration of India(NPCI) in partnership with the Department of Financial Services, Ministry of Health and Family Welfare & National Health Authority.
It works as a connection between a sponsor service and the targeted audience without involving any physical interface. Being pre-paid in nature will ensure timely payments in the process.
To be used as delivering service under welfare schemes by the government. It can also be used by the private sector companies for employees' welfare schemes and corporate social responsibility.
It can be a game-changer in the future.
