All about e-Rupi

All about E-Rupi

e-RUPI - what does it mean?

E-RUPI is a digital solution developed by the National Payments Corporation of India (NPCI) in collaboration with the Department of Financial Services (DFS), National Health Authority (NHA), and Ministry of Health and Family Welfare (MoHFW). 

Merchants accepting e-RUPI will be able to redeem vouchers without a card, digital payments app, or internet banking access. Organizations or the government would share e-RUPI with beneficiaries for a particular purpose or activity. 

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

Benefits for corporations

• Employee well-being can be enabled by corporations
• An end-to-end digital transaction that doesn't require physical issuance, reducing costs
• The issuer can track the redemption of vouchers
• Distribute vouchers quickly, safely, and contactless

Benefits for Merchants

• A verification code authorizes the voucher
• Contactless payment collection - No need to handle cash or cards contactless payment collection - No need to handle cash or cards
• Due to the pre-blocked amount, the voucher can be redeemed quickly and with a lesser decline

Benefits to the Consumer

• The beneficiary should not carry a printed voucher if he or she is contactless
• Redeeming is easy - just two steps
• Beneficiaries do not have to share personal information during redemption, ensuring privacy.
• Neither a digital payment app nor a bank account is required for consumers to redeem the vouchers

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