Synopsis: The payment-voucher system’s (e-RUPI) features make it ideal for programmes aimed at bridging the digital divide in India. How has India progressed wrt digital payment ecosystem? India has emerged as a leader in digital payments, with a manifold increase in such transactions in recent times. There are not many countries that allow digital transactions… Continue reading The e-Rupi could take us a long way towards financial inclusion
Source: Indian Express Relevance: Effective service delivery of Public goods Synopsis: e-RUPI opens up a world of opportunities to the government, people, and businesses to provide, avail and pay for services seamlessly. What is e-RUPI? About e- RUPI Its Significance How e-RUPI can be used by corporates? Facilitation of cashless service at paid Covid vaccination… Continue reading How e-RUPI can transform government’s welfare schemes?
Source: Live Mint What is the news? Government of India recently launched e-RUPI which can make welfare payments easier and more efficient, and to an extent looks like the precursor of a Central Bank Digital Currency (CBDC). Must Read: What is e-RUPI and how does it work? What will e-RUPI be used for? The most… Continue reading How e-RUPI can make welfare payments easier?
Source: PIB What is the News? The Prime Minister has launched a digital Initiative named “e-RUPI”. 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… Continue reading PM to launch digital payment solution e-RUPI