Deleted member 5552
TF Legend
I tried to register through ICICI Bank e-Rupi app. But now they don't allow to register
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Is anyone using e-Rupi digital currency? If anyone registered for this, Kindly share your experience
- Thread starter Deleted member 5552
- Start date
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ishank1001
TF Buzz
try IDFC, app is good but you will face problem with acceptability.
play.google.com
IDFC FIRST Bank Digital Rupee - Apps on Google Play
IDFC FIRST Bank e₹ app is a wallet designed for the CBDC network launched by RBI
Deleted member 5552
TF Legend
Is this app for all customers or only IDFC customers?try IDFC, app is good but you will face problem with acceptability.
IDFC FIRST Bank Digital Rupee - Apps on Google Play
IDFC FIRST Bank e₹ app is a wallet designed for the CBDC network launched by RBI
Deleted member 5552
TF Legend
I tried to register, but failed. They now accept applications from IDFC customers who live in Delhi and Mumbai.
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ishank1001
TF Buzz
if you have ICICI Bank account, call the customer care number and ask for invite.
I have not tried it myself but one of my friend got invite, they will put you in interest/priority list and give you invite as soon as they start adding new customers.
bugmenot
TF Legend
Refer
www.technofino.in
Live Digital eRupee P2M transaction (Select users)
Still cannot understand what is the advantage of Digital Rupee for consumers over their bank accounts, which will give them at least some interest. The end functionality will be same in case of both. I think they will now make upi payments chargeable and this digital rupee payments will be free
www.technofino.in
Gau₹av
TF Legend
I got the e-Rupi app too from IDFC if you want to test. PM me.
Pardon my ignorace, where can you use this eRupi? Is it like UPI
Deleted member 5552
TF Legend
You can pay to merchants who accept E Rupi. It is available now in limited cities only
bugmenot
TF Legend
Reliance Retail becomes first retailer to begin accepting digital rupee for sales
For the customers choosing to opt for this payment mode, an Digital Rupee acceptance QR code will be presented after billing. As per the information, Reliance Retail has partnered with Innoviti Technologies, ICICI Bank and Kotak Mahindra Bank to enable acceptance of the digital rupee.
Reliance Retail launched the first in-store acceptance at Mumbai's Freshpik store.
bugmenot
TF Legend
Probably it may have less failure rate compare to UPI because e₹ doesn't involve a middle man and it's a really P2P transaction.
Based on this, its like our 'digital voucher purchase'.
Ex:
- We purchase 2000Rs. Lifestyle vouchers and will receive a code and PIN.
- Now we have to visit only 'Lifestyle stores' because that voucher can be redeemable at that brand only.
- Share the code at the counter along with PIN to complete the transaction.
- Here, no bank involved and also no physical copy for that voucher.
- This process also doesn't share any of our personal data because we didn't use any bank account here.
- This also has less failure rate because we do not need Internet at that time, so no server involvement from our side.
Similarly, e-Rupi is 'digital rupee voucher' (can be redeemed as cash instead of cloths in above example).
I understood this much, let me know if any corrections or entirely wrong.
Last edited:
SiddharthR
TF Legend
The advantage is that if you want to give someone money for paying school fees or let's say for groceries (as a help to someone) then it can be used only for that specific purpose. Or say government wants to give money to a farmer as a subsidy for fertilizer they that can be used for buying the fertilizer only. It's one of the only benefits of e-₹UPI 🤪😅
Fun fact : You can encash that voucher by just asking the merchant to take it and give cash with some or no charge (depends solely on merchant)🤣
SiddharthR
TF Legend
Is anyone able to create e-RUPI voucher using apps mentioned in the thread or its currently just for Pay & Collect?
