e-RUPI is an cashless and contactless digital payment system based on the concepts of e voucher or gift cards. It os developed by National Payments corporation of India in association with Department of Financial Services.
e-RUPI is similar to gift cards which we buy and send to others, that they can redeem. e-RUPI vouchers can be redeemed at the merchants which are accepting e-RUPI.
Benefits of e-RUPI
- ERUPI payments are secure because it doesn’t need personal data for redemption.
- It is completely contactless and cashless, and voucher shared by SMS or QR code.
We have discussed e-RUPI in much detail in our website, to check please click on this link