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No card required, net banking - Modi to launch e-RUPI on Monday

 No card required, net banking - Modi to launch e-RUPI on Monday


Private companies can also introduce e-rupee system themselves.


 The Modi government is going to introduce e-rupee system to bring more speed in digital transactions.  Prime Minister Narendra Modi will launch the e-rupee payment system on Monday.  If this system is introduced, many people will benefit in the case of digital payments.


According to central government sources, the digital system called e-Rupee has been developed by the National Payment Corporation of India.  The e-rupee system has been launched with the help of the Union Ministry of Finance and the Ministry of Health and Family Welfare.  According to a written statement from the Prime Minister's Office, e-Rupee is a type of e-voucher, which can be viewed from a mobile phone.  This e-rupee system can be launched without any debit card, digital payment app or internet banking.  The Prime Minister's Office has made it clear that e-rupee actually establishes a relationship between service recipients and service recipients.  In this case this whole payment system can be done through e-rupee.  At the same time, the Prime Minister's Office has informed that it will be possible to pay the service provider within the stipulated time without any intermediary.  This is considered to be a landmark step in providing public welfare services.


According to the Prime Minister's Office, the e-rupee could be used to supply medicines.  Even private companies can launch e-rupee system themselves.  The e-rupee can also be used by the private sector for the benefit of their employees or to fulfill their social responsibilities.  It may be mentioned that the Prime Minister has been talking about building a digital India since he took over as the Prime Minister.  This time one more step towards that goal.


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