Good News – e-RUPI will launch tomorrow; no need for card, net banking to redeem voucher. Check how it works:
Digital technology is transforming lives in a major way and is furthering ‘Ease of Living.’ At 4:30 PM tomorrow, 2nd August, will launch e-RUPI, a futuristic digital payment solution which offers several benefits for its users.
Even if a person does not have a smart phone or a bank account, they can use e-RUPI vouchers.
Prime Minister Narendra Modi on Monday will launch a new cashless payment solution, which will operate based on e-vouchers. The system has been developed by the National Payments Corporation of India in collaboration with the department of financial services, health ministry and the National Health Authority.
How to use e-RUPI vouchers ?
These vouchers are like e-gift cards, which are prepaid in nature. The code of the cards can be shared either via SMS or the OR code can be shared. These e-vouchers will be person and purpose-specific. For example, if you have an e-RUPI voucher for Covid-19 vaccine, then it has to be redeemed for vaccines only.
How is an e-RUPI voucher different from other online payment applications ?
E-RUPI is not any platform. It is a voucher meant for specific services. E-RUPI vouchers are purpose-specific and even if one does not have a bank account or a digital payment app or a smartphone can benefit from these vouchers. That is the difference.
These vouchers will be used mostly for health-related payments. Corporates can issue these vouchers for their employees. The Centre had earlier said it would bring in an option for vaccine e-voucher, where one can buy an e-voucher for vaccination in a private hospital and can gift it to another.
The person who is buying the vouchers and issuing them to others can track the utilisation of the vouchers.
Privacy is another issue as the beneficiaries won’t have to share their personal details.
How to redeem -
No card or hard copy of the voucher is needed for redeeming these. The QR code received via message is enough.
List of banks that are live with e-RUPI -
According to National Health Authority, eight banks are already live with e-RUPI, including State Bank of Inia, HDFC, Axis, Punjab National Bank, Bank of Baroda, Canara Bank, IndusInd Bank, ICICI Bank.
e-RUPI Live Banks - https://www.npci.org.in/what-we-do/upi/erupi-li...
Live Hospitals on e-RUPI - https://www.npci.org.in/PDF/npci/e-rupi/live-ho...
e-RUPI - https://www.npci.org.in/what-we-do/upi/upi...pi
e-RUPI voucher is going to play a huge role in making digital transactions, and DBT more effective. This will help everyone in targeted, transparent and leakage free delivery,
Not only the government, if any general organisation wants to help someone in their treatment, in their education or for any other work, then they will be able to give e-RUPI instead of cash.
This will ensure that the money given is used for the same work for which that amount has been given.
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 a card, digital payments app or internet banking access.
To begin with, e-RUPI facility is available for health services and will be expanded to other segments.