📝 One-liners · 61 cards
Technology Trends in Banking - e - RUPI, FinTech, RegTech, SupTech, Hashtag Banking, etc.
1 — Stakeholder / Role?
Stakeholder: Issuer Bank (Issuer); Role: Bank that creates the e-RUPI voucher on receiving a request from the Sponsor. Must be RBI-authorised as PPI issuer and a UPI PSP.
2 — Stakeholder / Role?
Stakeholder: Sponsor; Role: A Corporate, State/Union Government department or business customer of the Bank who funds and requests issuance of e-RUPIs.
3 — Stakeholder / Role?
Stakeholder: e-RUPI Beneficiary; Role: The person for whom the voucher is issued. Need NOT hold a bank account.
4 — Stakeholder / Role?
Stakeholder: Designated Merchant; Role: Pre-approved acceptance point (hospital, vaccine centre, dealer) where the voucher can be redeemed.
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