Name the digital payment platform launched in 2021 by the National Payments Corporation of India (NPCI) in association with Department of Financial Services (DFS), National Health Authority (NHA) and Ministry of Health and Family Welfare (MoHFW).

Question

Question

This question was previously asked in

SSC CHSL Exam 2024 Tier-I Official Paper (Held On: 03 Jul, 2024 Shift 2)

Answer 1

The correct answer is e-RUPI

Key Points

e-RUPI is a digital payment platform launched in 2021 by the National Payments Corporation of India (NPCI) in association with the Department of Financial Services (DFS), National Health Authority (NHA), and Ministry of Health and Family Welfare (MoHFW).
It is a cashless and contactless instrument for digital payments.
The platform is designed to deliver benefits and services to citizens in a seamless and efficient manner.
e-RUPI is a QR code or SMS string-based e-voucher, which is delivered to the beneficiaries' mobile phones.
Users can redeem the voucher without needing a card, digital payments app, or internet banking access.
It ensures that the payment to the service provider is made only after the transaction is completed.
The platform is aimed at improving the delivery of welfare services and ensuring leak-proof transactions.

Additional Information

The National Payments Corporation of India (NPCI) is an umbrella organization for operating retail payments and settlement systems in India.
It was established in 2008 and is an initiative of the Reserve Bank of India (RBI) and Indian Banks' Association (IBA).
The NPCI aims to create infrastructure to handle the entire volume of retail payment systems in the country.
e-RUPI is part of the Indian government's efforts to promote digital transactions and financial inclusion.
The platform is expected to play a significant role in achieving the vision of a Digital India.