What is e-RUPI digital payment platform and how to use e-RUPI launch, step by step guide, history e-RUPI. Benefits and in-depth information

 

  There is a lot of talk in today's time about what is e-RUPI and how it works, so this article is going to tell you that

 What is e-RUPI and how it works, what are its advantages and disadvantages. After reading this article carefully, you were able to increase your knowledge and understand what is e-RUPI.

 Role of e-RUPI?

The Government of India believes that today the country is giving a new dimension to digital governance. e-RUPI Voucher is going to play a huge role in making DBT more effective in digital transactions in the country.

 This will help everyone in targeted, transparent and leakage free delivery. Not only the government, if any general organization or organization wants to help someone in their treatment, in their studies or for any other work, then they will be able to give eRUPI instead of cash. 

This will ensure that the money given by him is used for the same work for which it is given.

History of e-RUPI ?

The current government of India, Prime Minister Narendra Modi, launched e-RUPI on August 2014.

There was not much trend of online payment at this time.

But with the launch of e-RUPI in August 2014, there was a revolution in digital payment. People liked digital payment and also took part in it.

Today, about 40% of the people of the country are using it and this percentage is increasing.

What is e-RUPI ?

Government of India (Narendra Modi) launched e-RUPI on Monday 2nd August (2021). It is a Person and Purpose Specific Digital Payment Solution. It is an electronic voucher approved by RBI. 

It is issued to the beneficiary to pay for a specific service. E-Rupee is a cashless and contactless means of digital payment. It is a QR code or SMS string-based e-voucher, which is delivered to the mobile of the beneficiaries.

 The users of this seamless one time payment mechanism will be able to redeem the voucher without having to access the card, digital payment app or internet banking at the service provider centre.

 e-RUPI has been created by?

 e-RUPI: It is developed by National Payments Corporation of India on its UPI platform in collaboration with Department of Financial Services, Ministry of Health and Family Welfare and National Health Authority.

 What are the benefits of e-RUPI?

E-Rupee connects the sponsors of the services with the beneficiaries and service providers in a digital manner without any physical interface.

 It also ensures that payment is made to the service provider only after the transaction is completed.

 E-Rupee is prepaid in nature, so it assures timely payment to the service provider without the involvement of any intermediary.

Direct funds transfer to the service provider's account through the ERP code received on the beneficiary's mobile.

 Government entities, corporates or any service sponsor can generate eRupee vouchers with the help of their partner banks.

 After this, the beneficiary can make the payment through ERP at the service provider center.

 The QR code or the e-Rup voucher received in the form of SMS will be scanned at the Service Provider Center.

 A code will be sent to the beneficiary's mobile number for verification of the beneficiary.

 Upon verification, the voucher will be redeemed and payment will be made immediately.

Understand how e-RUPI is used.

It is quite easy to use it. Suppose you have to pay in a hospital. For this you will have a voucher.

It can be sent by the government or any person. For this, you have to first remove the voucher by opening the e-RUPI app.

After this you have to show the e-RUPI voucher in the hospital.

Your voucher will be converted into a QR code. After this the hospital staff will scan the QR code.

 As soon as you scan, you will get a verification code.

You will have to provide a verification code. Your voucher is redeemed as soon as you enter the verification code.

After that your payment becomes successful.

 Where was e-RUPI first used?

 e-RUPI is being used in the health sector in the initial stage. With time more things will be added to it. For example, if someone wants to spend in the treatment of someone, wants to get the treatment of a TB patient, wants to give financial help for food and medicines, then ERupi will prove to be very helpful for them.

 Where will e-RUPI be used?

It can be used to provide services under schemes like providing medicines and nutritional support under maternal and child welfare schemes, TB eradication programmes, drugs and diagnostics under Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, fertilizer subsidy etc. 

Even the private sector can avail these digital vouchers as part of their employee welfare and corporate social responsibility programmes. Corporates can also use it to help a poor get a vaccine at a private center.

 How to use e-RUPI?

Financially able people will be able to issue e-rupee to a poor person and will be able to bear the cost of his vaccination.

 This non-transferable electronic voucher can only be used by the beneficiary for whom it has been issued.

 e-RUPI will be sent to the beneficiary's mobile. This will be in the form of QR code or SMS code.

 They can be scanned at private vaccination centers.

 A code will be sent to the beneficiary's mobile number for verification of the beneficiary.

 Upon verification, the voucher will be redeemed and payment will be made immediately.

 How to help someone with e-RUPI?

 Corporates can use it to help a poor get a vaccine at a private center. Government entities, corporates or any service sponsor can generate eRupee vouchers with the help of their partner banks.

Things to Note

This is a non transferable voucher. That is, only those for whom it has been issued will be able to use it.

After issuance of ERUP voucher, it can be used only once.

It is cashless and contactless.

Beneficiary's personal information remains confidential and secure.

What did we go today?

Today we learned what is e-RUPI and how it works. I hope you can understand this. If you liked this information, then you must tell us in the comments.