Q. Consider the following statements regarding e-RUPI
1. It will work without any card, digital payment app, or internet banking access.
2. Private sector can also leverage e-RUPI as part of their employee welfare and corporate social responsibility programs.
Which of the above statements is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Both 1 and 2

Answer: C
Notes:

Both statements are correct. 

About e-RUPI: 

  • e-RUPI is a cashless and contactless instrument for digital payment. It is founded on the Unified Payment Interface(UPI) platform. 
  • Purpose: It is designed to be a person and purpose-specific digital payment solution. It seeks to ensure that government schemes reach intended beneficiaries in a targeted and leak-proof manner, with limited touchpoints between the government and the beneficiary. 
  • Developed by: National Payments Corporation of India (NPCI) in collaboration with the Department of Financial Services (DFS), the Union Health Ministry, and the National Health Authority (NHA). 

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