e-RUPI is a cashless and contactless digital payment solution launched by NPCI in partnership with several entities. It involves the generation of an e-voucher that is shared with beneficiaries via SMS or QR code to enable them to redeem the voucher value for a specific good or service without cards, apps or accounts. e-RUPI streamlines targeted delivery of benefits, reduces costs associated with physical voucher distribution, and maintains user privacy by avoiding the need for personal details during redemption at participating merchant locations.

1. e-RUPI
What is e-RUPI?
National Payments Corporation of India (NPCI) in association with Department of Financial
Services (DFS), National Health Authority (NHA), Ministry of Health and Family Welfare
(MoHFW), and partner banks, has launched an innovative digital solution – ‘e-RUPI’.
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. e-RUPI would be shared with the beneficiaries for a specific purpose or activity by
organizations or Government via SMS or QR code.
This contactless e-RUPI is easy, safe and secure as it keeps the details of the beneficiaries
completely confidential. The entire transaction process through this voucher is relatively
faster and at the same time reliable, as the required amount is already stored in the voucher.
Benefits for Corporates
 Corporates can enable well-being of their employees
 End to end digital transaction and doesn’t require any physical issuance hence leading
to cost reduction
 Voucher redemption can be tracked by the issuer
 Quick, safe & contactless voucher distribution
Benefits for Merchants
 Easy & Secure - Voucher is authorized via a verification code
 Hassle free & Contactless payment collection - Handling of cash or cards is not
required
 Quick redemption process - The voucher can be redeemed in a few steps and lesser
decline due to pre-blocked amount
Benefits to the Consumer
 Contactless - Beneficiary should not carry a print out of the voucher
 Easy redemption - 2 step redemption process
 Safe and Secure - Beneficiary doesn’t need to share personal details while redemption
hence privacy is maintained
 No digital or bank presence required - Consumer redeeming the voucher need not
have a digital payment app or a bank account
What are the benefits of e-RUPI for the sponsors.
 e-RUPI is expected to play a major role in strengthening Direct-Benefit Transfer
and making it more transparent. Since, there is no need for physical issuance
of vouchers, it will also lead to some cost savings as well.
Which Banks issue e-RUPI ?

2.  NPCI has partnered with 11 banks for e-RUPI transactions. They are Axis
Bank, Bank of Baroda, Canara Bank, HDFC Bank, ICICI Bank, Indian Bank,
IndusInd Bank, Kotak Mahindra Bank, Punjab National Bank, State Bank of
India and Union Bank of India.
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 The acquiring Apps are Bharat Pe, BHIM Baroda Merchant Pay, Pine Labs,
PNB Merchant Pay and YoNo SBI Merchant Pay.
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 More banks and acquiring Apps are expected to join the e-RUPI initiative soon.