e-RUPI and E-Rupee (Digital Rupee) are the same thing
e-RUPI and E-Rupee are often used interchangeably but refer to different concepts.
E-Rupee is essentially a digital version of the Indian Rupee stored in a digital wallet and used for various transactions. On the other hand, e-RUPI is a specific type of digital voucher that can only be redeemed for a predefined purpose.
While both involve digital payments, they serve different purposes – e-RUPI is for specific welfare transactions, and E-Rupee aims to transform the entire monetary system. They are distinct initiatives with different goals and functions.
Learn more about what is e-RUPI and how does it works here.
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Weekly Wrap-up
This week we discussed
What is e-RUPI? How does it work? Benefits of using a digital voucher?
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Should you add your credit card on UPI? Is it a smart move for you?
UPI has been a game-changer, making digital transactions a breeze. But what happens when you mix UPI with credit cards? Should you add your credit card on UPI?
