What is E-rupi? Here are five things to know about

Synopsis

E-rupi is delivered via a QR code or SMS string-based voucher and does not require card or net banking or app.

The vouchers can be person and purpose-specific.1. It is an electronic voucher-based digital payment system.

2. It is delivered via a QR code or SMS string-based voucher and does not require card or net banking or app.

3. The payment through e-rupi is safe as it is prepaid in nature.

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4. The vouchers can be person and purpose-specific.

5. It is the latest government initiative in the welfare delivery space to curb leakages.

(Content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.)
(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)

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Updated: 08/16/2021 — 04:00