e-RUPI Digital Payment: Benefits, Working & Download e Rupi App National Payments Corporation of India (NPCI) in association with Department of Financial Services (DFS), National Health Authority (NHA), Ministry of Health and Family Welfare (MoHFW), and partner banks, has launched an innovative digital solution – ‘e-RUPI
what is e-Rupi
e-RUPI is a cashless and contactless digital medium of payments, which will be delivered to mobile phones in a form of SMS string or a QR code.
The beneficiary person will directly receive the vouchers on their mobile sent by the government, instead of receiving cash in bank accounts.
The system has been built by NPCI on its UPI platform and has onboarded banks that will be issuing entities.
Currently, there are a total of 11 public and private sector banks that will support this new payment mode.
Benefits for Corporates
Corporates can enable the well-being of their employees
End to end the 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.
Banks live with e-RUPI