E-Rupi is a new digital payment instrument introduced by the Indian government. It functions as a prepaid voucher or QR code delivered via SMS that can be redeemed for a specific purpose, such as receiving healthcare services. It aims to enable cashless, contactless transactions and direct transfers to citizens and employees without leaks. The document outlines how E-Rupi works by involving issuers, acquirers, sponsors, merchants and beneficiaries. It also discusses the potential uses and advantages in reducing corruption and costs, as well as some challenges in adoption and security.

1. E- RUPI
The New Digital Payment
Instrument

2. Contents
1. Introduction
2.How It Works
3. Advantages
4.Disadvantages
5. Opinion

3. •PM Shri Narendra Modi
On Aug 2, 2021
•Direct Benefit
Transfer (DBT)
National Payments Corporation
of India
INTRODUCTION

4. CONTACTLESS
•NOT VIRTUAL CURRENCY
PRE PAID
VOUCHER
•PRE PAID VOUCHER
• SPECIFIC USE
QR/SMS
• Blockchain Technology
•OFFLINE
FEATURES

5. How it Works….
Issuers
which
initiate
requests to
create
Vouchers
Acquirers
merchants
and settles
the funds
Sponsors
government,
corporatey
Merchants
merchants /
service
providers will
scan/read
the QR/SMS
Beneficiary
persons for
whom the
UPI prepaid
voucher is
issued

6. 6

7.  Types of vouchers
 B2C (business to consumer):
 Used by corporates/government departments to issue
vouchers to the bearers (employees/citizens)
 P2P (person to person):
 A person can issue a voucher to another person
7

9. USES
Govt.
• leak-proof delivery
of welfare services
• Ayushman Bharat
• Pradhan Mantri Jan
Arogya Yojana
•More than 1600
Private
•CSR (Corporate
Social
Responsibility)
•Issue this vouchers
to employee

10. Advantages
No card, or internet
banking service
without smart
phone
•Remote and Rural
Areas
•Covid-19
•Leakage proof
•reduce the cost of
money printing

11. Disadvantages
withonly 11 national
banks of India
Regional banks have to
wait for the platform
•the user exists, which
could be misused
•it also has server
problems
•It is now only available
in 4 cities

12. Opinion
• In my opinion it is a very good intiative by the government to control
leakage of the money in the country
• By directly giving the services to the end customer without any
intermediatory which will help in allocating right amountof money to
right persons for right purpose.
• The major concern about the people who not using smartphones and
not accessible for internet is solved by this We can control corruption
upto some extent
• But doing all this first it has to establish well and all farmers must know
about this , in my opinion practically it is very challenging to thought
people about the system .
• It is developing and restricted to 4 cities only.
• There is the chances of scamming , frauds because that qr code is used
by others also.

13. THANK YOU