Safeguarding e-Rupi from misuse: The challenges ahead

India has taken a big leap towards digital transactions with the launch of e-Rupi by the Reserve Bank of India (RBI). A successful implementation of the e-Rupi would not only curb black money, but would also ensure documentation of spending the currency as well, as the digital payment is allowed only on a list of authorised transactions.

“One of the biggest advantages of e-Rupi is that it is completely contactless and paperless, and because all transactions are digital, monitoring and tracking usage can be carried out very easily to ensure that there is no misuse. Via Aadhaar linked identification, the government can monitor that service providers deliver actual services intended for beneficiaries as opposed to cash-based benefits.