Friends, in this article we will know what is e-rupee? What is its use?, Why has it been brought by the government? Hope this article is useful for you.
What is e-rupee?
e-form one digital payment voucher Is. The full form of e-RUPI is Electronic Prepaid System or Electronic Rupya. This is a special feature compared to other digital payment mediums. It ensures a 2 phase process to get an easy, contactless payment that does not even require sharing of personal details and operates in e-Rupee basic phones, so it can be used by those Can be used for those who do not have a smartphone or in places where the internet connection is weak.
When did e-rupee come?
e-RUPI It was launched by the Honorable Prime Minister of our country on 2nd August 2021. With the help of this Digital India is being taken forward. This Rupee is an RBI-accepted electric voucher, which was first used by a person in Mumbai to make the payment at the COVID19 Vaccination Center, which was done very easily in a cashless way within no time.
How does e-rupee work?
E-Rupee is the advanced version of UPI itself. You will be able to use it via QR (Quick Response) or SMS (Short Message Service). The one who has a smart phone will get a QR code for that amount and the one who has a normal phone will get a code on an SMS. In this way you can easily use it both smartphone user and normal phone user.
With the help of some examples, we can understand better how it can be used which is as follows-
As, suppose the government wants to give 500 rupees for food to the farmers, then it will send the QR code of 500 on mobile for that and that QR code will reach to all the food stores in India from which that QR code will be given to the farmer. can only buy food otherwise nothing. So this is a very good step which has been taken by the government.
Advantages of e-rupee
The biggest advantage of this is that we will not need this smartphone to use it, everyone will be able to use it even the smallest person. Also, there is no possibility of theft of money in this.
Conclusion
friends i hope you e-rupee You must have liked the above information related to e-Rupee and you must have got a clear answer to whatever questions you had in your mind related to e-rupee.
