Here are the key differences between e-Rupee and UPI:
| Feature | e-Rupee | UPI |
|---|---|---|
| Type | Digital currency | Payment system |
| Issued by | RBI | Banks |
| Requires bank account | No | Yes |
| Security | Token based, More secure | PIN based, Less secure |
| Can be used in remote areas | Yes | No |
| Hackability | Difficult | Relatively easier |
| Convenience | Less convenient | More convenient |
| Cost | Free | No cost for bank-to-bank transfers Charges may apply for other types of transactions (wallets etc.) |
| Adoption | Still in the early stages of adoption | Already widely adopted & deeply rooted into Indian Economy |
| Authority | Closed & Centralized (RBI) | Open & Decentralized (Banks) |
| Technology | Block chain based | Open source API based |
| Points of failure | Distributed Ledger, Multiple points of failure | Centralized ledger, Single point of failure |
