After RuPay, Visa launch government’s NCMC card

57°
Missing
Shopping Friend
334
7673
113

After RuPay, Visa launches government’s NCMC card:

Currently, domestic card payment network RuPay has partnered with banks to issue these mobility cards

Visa NCMC cards will have contactless feature of ‘tapping to pay’ that will provide a card balance for offline usage

Global payments platform Visa on Monday announced it had launched specifications to support the roll out of the National Common Mobility Card (NCMC) by the government. NCMC, also known as ‘One Nation, One Card’, is an interoperable transport card that can be used for payments across all transit segments including metro, bus, suburban railways, toll, parking, as well as for retail payments.

Currently, domestic card payment network RuPay has partnered with banks to issue these mobility cards.

Visa NCMC cards will have contactless feature of ‘tapping to pay’ that will provide a card balance for offline usage at transit venues such as the metro station.

In line with the guidelines laid down by the Ministry of Housing and Urban Affairs, Visa NCMC cards will allow the contactless feature to pay for offline usage at transit venues. The card will allow holders to store their transit passes on the card, will provide multiple ways to top-up the offline balance on the card, and it can be accepted at participating public transport operators across the country.

With this development, Visa plans to work closely with the government and its banks to ensure early rollout and acceptance of Visa NCMC cards.

Visa contactless cards also support the next generation of account-based ticketing (ABT) models that have been adopted by leading metros across the world. In the ABT model, consumers can turn up and ride with their existing Visa contactless card, allowing for a seamless payment experience.

The idea of NCMC was conceived by the urban development ministry. Last was it was launched by Prime Minister Narendra Modi in Ahmedabad seamless travel through different metros and other transport systems.

Bankers told, that local wallet usage is also in the roadmap of NCMC, so digital wallets might also move to contactless. Further, contactless transactions take 10-15 milliseconds to execute, making this form of payment more seamless for the customer.

5 Comments  |  
5 Dimers
Missing
Tech Guru
1,551
4443
137

Sounds great and less filling.. rolleyes

Would work in countries with well defined payment tiers. But if Uber is anything to go by about modernising transports…

Missing
Pro Entertainer
938
35490
466

next what MCBC card?

Missing
Community Angel
67
4151
49
A2Zdeals wrote:

next what MCBC card?

You seen that Lalit Shokeen’s video of MCBC Bank?

Missing
suspended
50
20
0

previously there was just one East India Company to enslave

now the country is run by hundreds of thousand foreign companies, here to “loot” and plunder.

Missing