Prime minister narendra modi announced that e-RUPI boosts wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital activities and Direct Benefit Transfer (DBT). He asserted that the world is fascinated by India's inflation in the fintech division due to the infrastructure work done to promote the wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital foundation in the past 6-7 years.
On monday (August 2), PM narendra modi launched the much-awaited wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital payment scheme called e-RUPI. It is one of the numerous programmes that have been driven by the Modi government as a component of the wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital india lead.
During his speech on the momentous event, PM Modi emphasized that e-RUPI will guarantee targeted, sheer and leakage-free transfer to the recipients. He added that unlike other methods of wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital payment solutions, it is persistence and person-specific. Antithetical to the popular opinion that ‘technology’ is only confined to the rich, PM Modi said this day the common man is looking at technology as a device to help the poor, a tool for their growth. He figured how india is showcasing to the world its abilities in change, technology usage and service offering.
Currently, there are 66 crore RuPay cardholders in the nation and transactions meriting thousands of crores is being done.
PM also denoted that RUPAY cards are now affirmed in bhutan and Singapore. He declared that the launch of the futuristic wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital payment system aka e-RUPI comes before the august event of Independence Day. The indian prime minister settled that e-RUPI can be used for pharmaceutical purposes, education and as an alternative for money transactions. He also figured that the e-vouchers can be restored for Covid-19 therapy and vaccination at approved stations.
Given that it is a pre-paid payment system, e-RUPI will guarantee timely payment without the necessity for intermediaries. e-RUPI is foreseen to revolutionise the welfare services such as nutritional support, tb eradication plans, drugs & diagnostics (Ayushman Bharat), subsidies of fertilizers, employee benefit in the private sector and corporate Social Responsibility (CSR) businesses.
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