Explained: What e-RUPI launched by PM Modi may have in store for MSMEs to boost digital transactions

Technology for MSMEs: The e-RUPI issuer can also track voucher redemption. Currently, there are 11 banks including HDFC Bank, ICICI Bank, Axis Bank, Bank of Baroda, SBI, Kotak Mahindra Bank, Indian Bank, etc., live on the platform developed by the National Payments Corporation of India (NPCI).