Experts say that the use base of e-rupee is expected to widen in the coming days. Even the private sector will be able to use it to pass on benefits to their employees.
Reserve Bank Governor Shaktikanta Das has announced that the limit of e-rupee digital voucher has been increased from Rs 10,000 to Rs 1 lakh.
multiple use has been approved in it. He announced that the RBI is extending the on-tap liquidity scheme for healthcare, contact intensive sector by 3 months.
E-Rupee does not require the beneficiary to have a bank account, which is a major feature compared to other digital payment modes.
This ensures an easy, two-step process of getting contactless payments that doesn't even require sharing of personal details.
Another advantage is that e-Rupee operates on basic phones as well so it can be used by people who do not have smart phones or in places where weak internet connection .