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International Journal For Multidisciplinary Research
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E-RUPI - An Innovation to Accelerate Financial Facilities in India
Author(s) | Saee Sumant |
---|---|
Country | India |
Abstract | E-Rupi a basically a prepaid voucher issued by the Indian Government. e-RUPI is basically a digital voucher which a beneficiary gets on his phone in the form of an SMS or QR code. It is a pre-paid voucher, which he/she can go and redeem it at any centre that accepts it. The users of this seamless one-time payment mechanism will be able to redeem the voucher without a card, digital payments app or internet banking access, at the merchants accepting e-RUPI. This paper studies the available literature. Through this study, we have tried to focus on the mechanism of the new concept of E-Rupi, the benefits, challenges faced by the government in implementation. |
Keywords | E-Rupi, National Payments Corporation of India (NPCI), Digital voucher, Digital currency. |
Field | Mathematics > Economy / Commerce |
Published In | Volume 6, Issue 2, March-April 2024 |
Published On | 2024-03-20 |
Cite This | E-RUPI - An Innovation to Accelerate Financial Facilities in India - Saee Sumant - IJFMR Volume 6, Issue 2, March-April 2024. DOI 10.36948/ijfmr.2024.v06i02.15221 |
DOI | https://doi.org/10.36948/ijfmr.2024.v06i02.15221 |
Short DOI | https://doi.org/gtnj9s |
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