e-RUPI Future Payment Systems | Govt of India

e-RUPI Future Payment Systems | Govt of India

‘e-RUPI’ is a New futuristic digital payment system Initiative which makes payment easy without the Internet, Debit or Credit Card, or No Need Bank Account. Alternatively ‘e-RUPI’ is a user with voucher based payment only to merchants that need to be accepted. So this article brief about new govt of india initiative ‘e-RUPI’

What is ‘e-RUPI’ Payment System? 

National Payments Corporation of India (NPCI) in association Govt Of India Various Ministry and  partner banks, has launched 2nd August 2021 4:30PM an innovative digital solution – ‘e-RUPI’. 

  • The users of this seamless one-time payment mechanism 
  •  Redeem the voucher without a card, digital payments app or internet banking access
  • At the merchants accepting e-RUPI. 
  • e-RUPI would be shared with the beneficiaries comes under govt of india
Watch About New e-RUPI System !

‘e-RUPI’ Future Payment System!

This contactless e-RUPI is easy, safe and secure as it keeps the details of the beneficiaries completely confidential. 

  1. The transaction is faster & reliable 
  1. Cashless & Contactless digital payment
  1. The amount already stored in voucher
  1. Users not need to carry any extra with voucher
  1. More Secure More Faster than any other payment system
  1. Widely used for upcoming govt schemes and payments assured by government
  1. Ensure right person with right beneficiary credit without bank payment from govt schemes and other subsidy payments

e-RUPI Benefits for Corporates!

Not only for end users also corporate can use this new payment system

  • Corporates can enable well-being of their employees
  • End to end digital transaction and doesn’t require any physical issuance hence leading to cost reduction
  • Voucher redemption can be tracked by the issuer
  • Quick, safe & contactless voucher distribution

NPCI e-RUPI System

Process of ‘e-RUPI’ Payment System !

Simple and fast payment system which prioritizes ‘e-RUPI’ as a good initiative for the right time in India to trouble free payment.

  • Contactless – Beneficiary should not carry a print out of the voucher
  • Easy redemption – 2 step redemption process
  • Safe and Secure – Beneficiary doesn’t need to share personal details while redemption hence privacy is maintained
  • No digital or bank presence required – Consumer redeeming the voucher need not have a digital payment app or a bank account
PMO Press Release About e-RUPI!

Conclusion

 ‘e-RUPI’, Absolutely corruption free, trouble free payment initiative makes the process faster. Above all benefits and systematic ‘e-RUPI’ is definitely road to end user towards future payment system of india

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