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PM Modi Launches Digital Payment Solution E-RUPI

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Prime Narendra Modi on Monday 2 August 2021 launches Digital Payment Solutions E-RUPI. The Main moto for the E-RupI is to provide the specific cashless digital payment solution, via videoconference. This E-RUPI will come on 15 August 2021 on the occasion of the 75th anniversary of Independence. What is E-RUPI India? E-RUPI Digital Payment Solution: e-RUPI is a cashless and contactless instrument for digital payment. Is E-RUPI a Digital Currency? No, it is a cashless solution for digital payments that works like prepaid gift cards What is E-RUPI and How it will work? According to the statement of PMO, Beneficiaries can receive a QR code or an SMS-based electronic voucher on their mobile phones and they do not require a card, digital payment app or even internet banking access to redeem the e-voucher when availing of a service.It also ensures that the payment to the service provider is made only after the transaction is completed.