Can e-RUPI become the game-changer

for digital currency adoption in India?

INTRODUCTION

Prime Minister Narendra Modi introduced e-RUPI, a digital voucher

programme that has the potential to change the way Indians transact with and pay
for a wide range of government services, giving a further boost to the country's
burgeoning fintech sector. It is also available for the private sector for the purpose
of making payments to employees.
Digital payments will become more widely accepted across India as a result of
this. As e-RUPI forges its path into the Indian economy, citizens are beginning to
wonder if it is our first step towards adopting digital currencies.
Prime Minister launches e-RUPI

With the introduction of the e-RUPI digital payments network by PM Modi,

India began the process toward adopting a stronger digital money transactional
setup. If any organization now wants to assist someone in health treatment,
education, or any other endeavors, they would be able to do so by providing an e-
RUPI voucher instead of cash, according to the concept.
• What is e-RUPI:
It’s a prepaid e-Voucher user can use for digital transactions. The National
Payments Corporation of India develops this payment platform. The concept of e-
RUPI is similar to UPI, which lets consumers transact safely on a sender-to-
receiver method exclusively.
NPCI has developed this platform in association with the Department of
Financial Services (DFS), National Health Authority (NHA), and Ministry of
Health and Family Welfare (MHFW).

• How is Work:
e-RUPI coupons are electronic vouchers that will be provided to recipients in
the style of a QR code and text message voucher, via which cash will be paid
directly to their bank account. Any government agency or company can produce e-
RUPI vouchers through their partner banks, which they can then distribute
ADVANTAGES of e-RUPI

Not only private organizations but ordinary people can also use the e-RUPI
platform without necessarily having a smartphone. Users with simple phones can
safely get the advantages of e-RUPI system for government schemes.

 Government Schemes & Subsidies

 Advantages of e-RUPI in the Private Sector
 Easy Monitoring
 No need to Register
DISADVANTAGES of e-RUPI

Some of the disadvantages of e-RUPI system are worth looking at from

consumers’ perspective.

 Limited Number of Banks

 May users still don’t have mobile phones
 Technical Limitations
Thank you