What is eRUPI? Contactless Digital Payment Platform - Meaning, Benefits & How Does Operate?

e-RUPI is a digital payment solution introduced by the Government of India. It is a voucher-based system that aims to make welfare payments and subsidies more targeted and efficient. Launched in August 2021, e-RUPI is built on the Unified Payments Interface (UPI) platform, which is a real-time payment system widely used in India.

e-RUPI operates as a prepaid voucher that can be redeemed without the need for a physical card or a digital payment app. It is designed to be secure, transparent, and easy to use. The vouchers are generated in the form of QR codes or SMS, which are delivered to the intended beneficiaries via mobile phones. The beneficiaries can then redeem these vouchers at participating service providers or merchants.

The key feature of e-RUPI is its targeted approach. The vouchers are linked to specific services or purposes, such as healthcare, education, or government welfare schemes. This ensures that the funds are utilized for their intended purposes and reach the intended beneficiaries directly.

e-RUPI is beneficial for both the government and the beneficiaries. For the government, it helps in curbing leakages and ensuring that the funds are used efficiently. It also provides a traceable mechanism to monitor the utilization of funds. For the beneficiaries, e-RUPI eliminates the need for physical intermediaries, reduces the risk of fraud or misuse, and enables easy access to services.

It is important to note that as of my knowledge cutoff in September 2021, e-RUPI had just been launched, and its implementation and adoption were still in the early stages. Therefore, for the most up-to-date information and details on e-RUPI, I recommend referring to official government sources or reliable news channels.