e-RUPI: The method by which beneficiaries will receive funds via a digital payment solution

Context e-RUPI, which was launched on August 2 by Prime Minister Narendra Modi, is an electronic voucher-based payment solution. The new financial tool aims to ensure targeted and leak-free transactions between beneficiaries and governments with the fewest possible intermediaries. e-RUPI is a digital payment solution that is both cashless and contactless. Welfare money will be …

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e-RUPI: New Digital Payment Solution

Context Prime Minister Shri Narendra Modi will launch e-RUPI, a person and purpose-specific digital payment solution, via video conferencing on August 2, 2021 at 4:30 p.m. The Prime Minister has always been a strong supporter of digital initiatives. Several programmes have been launched over the years to ensure that benefits are delivered to their intended …

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