eRUPI Digital Payment Solution, Benefits, erupee Indian Digital Currency, How eRUPI Works, buy Vouchers

What is eRUPI?

National Payments Corporation of India (NPCI) in association with the 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’.

The users of this seamless one-time payment mechanism will be able to 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 for a specific purpose or activity by organizations or Government via SMS or QR code.

This contactless e-RUPI is easy, safe, and secure as it keeps the details of the beneficiaries completely confidential. The entire transaction process through this voucher is relatively faster and at the same time reliable, as the required amount is already stored in the voucher.

erupi
erupi- prepaid e voucher

eRUPI Benefits for Corporates

  • 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

eRUPI Benefits for Hospitals

  • Easy & Secure – Voucher is authorized via a verification code
  • Hassle free & Contactless payment collection – Handling of cash or cards is not required
  • Quick redemption process – The voucher can be redeemed in a few steps and lesser decline due to pre-blocked amount

How to you Benefited from eRUPI

  • 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

Listed Banks live with eRUPI

Sr. No.Bank NameIssuerAcquirerAcquiring App / Entity
1Axis BankBharat Pe
2Bank of BarodaBHIM Baroda Merchant Pay
3Canara Bank NA
4HDFC BankHDFC Business App
5ICICI BankBharat Pe & PineLabs
6Indusind Bank NA
7Indian Bank NA
8Kotak Bank NA
9Punjab National BankPNB Merchant Pay
10State Bank of IndiaYONO SBI Merchant
11Union Bank of India NA

Authored By Kousik Mondal

Hi, I am Kousik Mondal from Kolkata, India. I am a professional career counselor for the past 5+ years. Love reading news and strongly believe only awareness can create a better future. And A blog scientist by the mind and a passionate blogger by ❤️heart ??

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