Amazon Quiz (October 18, 2021): Name the new cashless and contactless e-Voucher based payment system, launched by the PM recently.

A. e-Rupay

B. e-RUPI

C. e-PAY

D. e-Coin

Answer: e-RUPI.

Prime Minister Narendra Modi launched digital payment solution e-RUPI, a person and purpose specific digital payment solution, via video conference on August 2. e-RUPI is a cashless and contactless instrument for digital payment.

According to a press release, the Prime Minister said that the eRUPI voucher is going to play a huge role in making DBT more effective in digital transactions in the country and  will give a new dimension to digital governance. This will help everyone in targeted, transparent and leakage free delivery.

He said e-RUPI is a symbol of how India is progressing by connecting people’s lives with technology. He also expressed happiness that this futuristic reform initiative has come at a time when the country is celebrating the Amrit Mahotsav on the 75th anniversary of independence.

He said in addition to the government, if any organization wants to help someone in their treatment, education or for any other work, then they will be able to give an eRUPI voucher instead of cash. This will ensure that the money given by him is used for the work for which the amount was given.

The Prime Minister said eRUPI is person as well as purpose-specific. eRUPI will ensure that the money is being used for the purpose for which any help or any benefit is being provided.

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