Prime Minister Narendra Modi launches digital payments platform e-RUPI

Narendra Modi

In a bid to promote the usage of digital payments in the country and progress towards the achievement of the ‘Digital India’ target, Prime Minister Narendra Modi today launched a digital payment platform called e-RUPI, via video conferencing.

The platform has been developed by the National Payments Corporation of India in association with the Department of Financial Services, Ministry of Health & Family Welfare and National Health Authority. As reported across the media the platform claims to be a “person-specific and purpose-specific” overall payment solution.

e-RUPI is a cashless and contactless medium for digital payment based on QR code or SMS string-based e-voucher delivered to beneficiaries on their mobile phones.

"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.