At D91 we aim to understand the financial journeys of last-mile customers. We are an open-source research community. Built by @Setu_API.
Dec 2, 2022 • 4 tweets • 2 min read
What if there could be a solution where the last mile user could transact on the UPI without an active bank or know how to use digital finance apps or even access to a smartphone?
Sounds like wishful thinking?
Enter ‘e-RUPI' a voucher-based payments innovation from NPCI.
⚠️ The problem -
230 million adults in India don't own bank accounts yet. Govt. faces challenges in delivering welfare benefits such as DBT to these cohorts. Even among those with accounts, cashing out involves high costs and there is low visibility on the use of welfare money.