Get an expert at affordable price

What exactly is e-RUPI?

It is a QR code or SMS string-based e-voucher that is given to the users of mobile phones. Customers of this smooth one-time payments system will be able to withdraw the vouchers from the service provider without needing a card, payment systems app, or online banking connectivity. It was created in conjunction with the Financial Services Authority, the Ministry of Health, and the National Health Authority by the National Payments Corporation of India. e-RUPI UPI – NPCI.

How to Make Use of e-RUPI Vouchers?

These vouchers function similarly to prepaid e-gift vouchers. The card code may be sent through SMS, or the OR code could be transmitted. These e-vouchers will be tailored to the individual and the goal. These coupons are available to anybody, regardless of whether they have a bank account, an online payment app, or a cellphone.

Where may e-RUPI coupons be redeemed?

These coupons will primarily be used for healthcare costs. Corporations could issue these vouchers to their workers.

List of banks that have implemented e-RUPI UPI – NPCI.

InfrasoftTech offers customers an e-RUPI technology stack, assisting them in deploying the technology from connectivity with current systems through distribution to their targeted customers.

According to NPCI, it is now collaborating with two of the 11 active banks. It will soon add additional customer banks with e-RUPI capabilities.

Bank of Baroda and Punjab National Bank are the two banks.

Is e-RUPI a type of cryptocurrency?

e-RUPI is similar to CBDCs, or Central Bank Digital Currencies.

Technologically speaking, e-RUPI differs from cryptocurrencies in that electronic tokens are built on the blockchain.

Who is eligible to use e-RUPI?

Thee-Rupi vouchers provided by this mechanism may only be used by the person who has been assigned the e-Rupi coupons.

What is the purpose of e-RUPI?

The most direct application of e-RUPI is for government benefits and health-related services such as drugs and nutritional support under mother and child welfare schemes and tuberculosis eradication schemes, and also drugs and diagnostics under the Pradhan Mantri Jan Arogya Yojana and agricultural subsidies. e-RUPI UPI – NPCI.