Global payments technology company Visa on Monday said it has launched its specifications to support the rollout the National Common Mobility Card (NCMC), which is an interoperable transport card that can be used to make payments in metro, bus, suburban railways, toll, parking, and retail.
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.
“It allows cardholders to store their transit passes on the card, provides multiple ways to top-up the offline balance on the card and it can be accepted at participating public transport operators (PTOs) across the country," Visa said in a statement.
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.
“Globally across cities, we have seen transit as a gateway category that drives adoption of digital payments in the local economy. In India, consumers have continued to prefer cash to digital payments for low value-high frequency transactions such as transit . With the transit sector expected to expand with numerous upcoming metro and smart city projects, NCMC contactless cards will trigger rapid adoption of digital payments across transit use cases. Besides being cost effective vis-à-vis cash, it will also help improve the efficiency and scale of public transit systems in the country," TR Ramachandran, Group Country Manager, India and South Asia at Visa said.
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.