Srikanth ஸ்ரீகாந்த்#eRUPI #UPI Vouchers for benefits is a radical departure from #DBT. Purpose and person aware #G2P payments are here. #SaveOurPrivacy
https://en.m.wikipedia.org/wiki/Ration_stamp#eRUPI is digitized food stamps, but crucial digitization difference is it converts a bearer instrument like stamp / coupon into a person / purpose specific instrument, embedding automatic data emission about beneficiary upon use.
https://nha.gov.in/e-Voucher-Launch this is piloted for #COVID19 vaccination and @AyushmanNHA might plan on using it for other #PMJAY payments.
It is an end to end digital transaction and doesn’t require any physical issuance (card / voucher) hence leading to cost reduction.
What this means is in digital India it is mandatory to have mobile phones. The will be no physical delivery of vouchers. #DigitalDivide #JioTax
This transition to vouchers have to been seen in context of subsidy bill reduction and a shift from bank led payments for #MNREGA, #PDS, #Fertilizer subsidy, #LPG, #Scholarships.
What is also at stake is provision of infrastructure will be solely privatised
https://www.epw.in/engage/article/ayushman-bharat-and-false-promise-universal is the damage #PMJAY and this abstinence by state in creation of infrastructure has caused.
Now if this expands to education, god save next generation.
The departure / plans to experiment vouchers also comes at a time when #bankprivatisation is being talked around. The empty success of #PMJDY in #FinancialInclusion will be undone with this shift as subsidy delivery now only needs fewer banks running digital backend
Vouchers are embedding identity in payments stealthily. This is start of a digital demonetisaton where state and investors can track populations far more closely than what bank based #DBT could do. #DBT still had cash out. This takes cashlessness to next level. #Demonetisation
On #Paytech gossip.
#eRUPI adds the channa in khaali cooker. @NPCI_NPCI is pricing #eVouchers and probably hiding under legalese that @nsitharaman Finance Act 2019 amendments on #ZeroMDR does't apply to #eRUPI
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RT @logic
Basically **Govt Payments mein se MDR Nikaal diye** and banks are saying #UPI is like *khaali cooker* gas par chadha diya https://twitter.com/artijourno/status/1305743688107057157
https://twitter.com/logic/status/1305807832072089600
Arti Singh on Twitter
“First the banks were reluctant to be on UPI; then after realizing there's some name and fame involved, they welcomed UPI with open arms; now they want to stay away from the economically unviable UPI. Read the cost and conflicts of UPI @MorningContext. https://t.co/w1mBuhIEdp”
#rUPI is a fit candidate for #RegulatorySandbox. But that argument can be made only if we can assign accountability to RBI and ask legal questions. Just because a press note from NPCI / PM launches, something doesn't get legal.
Don't expect that much from our media in questioning
Don't expect that much from our media in questioning
https://www.bankofbaroda.in/upi-prepaid-voucher-for-covid-19-vaccination.htm
If #UPI should not have #MDR as per Finance Act 2019, how is it legal for @bankofbaroda to have pricing structure for #eRUPI
@NPCI_NPCI above law?
Interesting observation on #CostOfPayments in #DBT delivery. Is the voucher "more cost efficient" for all parties than existing system?
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RT @Sabya_K
Interesting design for a Direct Benefit Transfer scheme.
Looks like the transaction cost of the transfer will be borne by the issuer.
This will make a big difference vis-a-vis other bank-account-based DBTs where banks bear this cost, becoming reluctant and ineffective partners. https://…
https://twitter.com/Sabya_K/status/1421799491624083458
Sabyasachi Kar on Twitter
“Interesting design for a Direct Benefit Transfer scheme. Looks like the transaction cost of the transfer will be borne by the issuer. This will make a big difference vis-a-vis other bank-account-based DBTs where banks bear this cost, becoming reluctant and ineffective partners. https://t.co/koL8ETxKSK”
#eRUPI pricing and #DBT costs -
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RT @logic
https://www.bankofbaroda.in/upi-prepaid-voucher-for-covid-19-vaccination.htm
If #UPI should not have #MDR as per Finance Act 2019, how is it legal for @bankofbaroda to have pricing structure for #eRUPI
@NPCI_NPCI above law?
https://twitter.com/logic/status/1421838942253453319
We Care :) Any relation to someone else CARE ing about elections is *purely coincidental* #eRUPI #COVIDVaccination
School vouchers, Ayushman Bharat yada yada yada.
From the same duo who forced tech on poor causing exclusion.
A critique of patchwork #eRUPI in Welfare by a UBI enthusiast(?), former @iimb_official economics professor @bharatjjw
Thank you @internetfreedom for this useful explainer. Agree on needing consultative approach being pushed into. While we are at it, @RBI must involve Parliamentary Standing comm on Finance on #CBDC & can't act autonomously. #eRUPI can't be stealth pilot
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RT @internetfreedom
On 2nd Aug '21, @PMOIndia launched e-Rupi vouchers — which are supposed to revolutionise India’s digital payments system and even assist in the delivery of C…
https://twitter.com/internetfreedom/status/1428961780638707719
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RT @internetfreedom
On 2nd Aug '21, @PMOIndia launched e-Rupi vouchers — which are supposed to revolutionise India’s digital payments system and even assist in the delivery of C…
https://twitter.com/internetfreedom/status/1428961780638707719
Internet Freedom Foundation (IFF) on Twitter
“On 2nd Aug '21, @PMOIndia launched e-Rupi vouchers — which are supposed to revolutionise India’s digital payments system and even assist in the delivery of COVID-19 vaccinations (!) So what is the #eRupi programme like? Here's what you need to know 👇🏽 1/n https://t.co/qsTJm4YpNC”
Thank you @internetfreedom for this useful explainer. Agree on needing consultative approach for #eRUPI. While we are at it, @RBI must involve Parliamentary Standing comm on Finance on #CBDC & can't act autonomously. #eRUPI can't be stealth pilot
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RT @internetfreedom
On 2nd Aug '21, @PMOIndia launched e-Rupi vouchers — which are supposed to revolutionise India’s digital payments system and even assist in the delivery of COVID-19…
https://twitter.com/internetfreedom/status/1428961780638707719
Internet Freedom Foundation (IFF) on Twitter
“On 2nd Aug '21, @PMOIndia launched e-Rupi vouchers — which are supposed to revolutionise India’s digital payments system and even assist in the delivery of COVID-19 vaccinations (!) So what is the #eRupi programme like? Here's what you need to know 👇🏽 1/n https://t.co/qsTJm4YpNC”