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What is E-RUPI: A Cashless Payment Solution about?

Prime Minister Narendra Modi launched a new digital payment mode called e-Rupi, developed by the National Payments Corporation of India on its UPI platform. E-Rupi allows direct transfer of funds to a beneficiary without any physical voucher or mediators - for example, a student can directly receive scholarship funds from the government via e-Rupi. The government generates an e-voucher for the scholarship amount, which is received by the student via SMS or QR code. The student can then use the e-voucher to

Author

vanshika agarwal

Language

EN