PM Modi to launch e-RUPI today: What is it and why is it being envisaged as an alternative to DBT?
The new digital payments system has been developed over the existing Unified Payments Interface (UPI) rails by the National Payments Corporation of India (NPCI) in association with the Department of Financial Services, Ministry of Health and Family Welfare and the National Health Authority.
PM Modi to launch e-RUPI today. Here's all about the cashless digital payment solutione-RUPI connects the sponsors of the services with the beneficiaries and service providers in a digital manner without any physical interface. It also ensures that the payment to the service provider is made only after the transaction is completed. Being pre-paid in nature, it assures timely payment to the service provider without involvement of any intermediary.
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