Bank of Baroda Launches India’s First eRUPI P2P Digital Gifting Feature.

In September 2025, Bank of Baroda (BOB) introduced an industry-first eRUPI Person-to-Person (P2P) Digital Gifting feature on its bob (e) Pay UPI (Unified Payments Interface) app, utilizing the National Payments Corporation of India (NPCI)’s eRUPI system. The launch enables customers to send purpose-specific prepaid digital vouchers, marking a significant step in India’s digital payments ecosystem.

      - The eRUPI P2P digital vouchers can be issued for values ranging from Rs. 1 to Rs. 10,000. Users can generate an unlimited number of vouchers, subject to the prevailing daily UPI transaction limit, providing flexibility for gifting small or large amounts.

      - The vouchers are redeemable at any UPI-enabled merchant, across multiple platforms, ensuring seamless usability. The feature allows recipients to redeem the vouchers directly for goods or services within the designated category.

      - Each voucher is non-transferable, and if unredeemed within its validity period, the amount is automatically refunded to the sender’s account, ensuring secure and risk-free transactions.

Main Point :-   (i) While users can issue unlimited vouchers, they remain subject to the daily UPI transaction cap. Initially, the vouchers are available for the Food category, with plans to expand to other services in phases, broadening the scope of P2P digital gifting.

      (ii) This innovation aligns with the Reserve Bank of India (RBI)’s vision of Central Bank Digital Currency (CBDC) adoption and extends eRUPI usage from Business-to-Consumer (B2C) to Person-to-Person (P2P) transactions, strengthening India’s digital payment infrastructure.