Purpose specific prepaid e-RUPI vouchers can now be issued for individuals by PPIs
Published by Economic Times
Abhishek Kumar's role: Quoted
Abhishek Kumar, founder of SahajMoney, said the change would ease the issuing of prepaid gift vouchers, letting individuals send e-RUPI by phone, for example at festivals, with no bank details needed at redemption, and called it "a great move".
More of Abhishek's views on money management
The RBI allowed non-bank prepaid payment instrument issuers to issue e-RUPI vouchers and enabled vouchers to be issued on behalf of individuals. The article explains how purpose-specific e-RUPI vouchers work, how they can be used without a bank account or smartphone, and how industry figures view the change.
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Purpose specific prepaid e-RUPI vouchers can now be issued for individuals by PPIs
