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The Prime Minister launched the e-RUPI digital payment system in August 2021. This is an important step in ensuring government benefits and services reach their intended beneficiaries in a timely manner. In this article, you will learn all about the e-RUPI system, how it works, what are its advantages and disadvantages, and other details for the IAS exam. Learn about e - RUPI , a cashless and no-contact electronic payment instrument launched in India in 2021. Find out how it works, what services it covers, and what benefits it offers for different stakeholders. e - RUPI is a digital voucher that a beneficiary gets on his phone in the form of an SMS or QR code. e - RUPI is a pre-paid voucher that a beneficiary can redeem at any centre that accepts it. It is a cashless and contactless mode of payment that does not require a bank account, internet connection or personal details.
