PM Modi launches new digital payment system e-RUPI: Key points

NEW DELHI: Prime Minister Narendra Modi on Monday launched India’s new digital payment system e-RUPI via video conferencing.

It is developed by the National Payments Corporation of India (NPCI) on its UPI platform, in collaboration with the department of financial services, ministry of health & family welfare and national health authority.

e-RUPI is a cashless and contactless instrument for digital payment. It is a QR code or SMS string-based e-voucher, which is delivered to the mobile of the beneficiaries

It connects the sponsors of the services with the beneficiaries and service providers in a digital manner without any physical interface.