Is e-RUPI Non-Digital Payment for Welfare another Failed Innovation?
On August 6, 2021, Prime Minister Narendra Modi launched e-RUPI. According to the public statement issued by the Indian Ministry of Finance, e-RUPI is a cashless and contactless instrument for digital payment. According to the plan, the eRUPI voucher is intended to make Direct Benefit Transfer (DBT) more effective as India strives to achieve 100% digital economy and digital governance. PM Narendra Modi said that e-RUPI is symbolic of a progressive India connecting people through technology.
e-RUPI is like an e-voucher that beneficiaries will receive in the form of a QR code and SMS-string-based voucher enabling direct fund transfer to bank accounts. Any government agency and corporation can generate the e-voucher via their partner banks. Once a beneficiary shows the QR code or the SMS mess...