Now travel anywhere within India using the same card!
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Are you tired of carrying ‘n’ numbers of cards as soon as you leave your house? The government has come out with a solution. The You can use the same card based on the Smart National Common Mobility Card (NCMC) model for shopping as well. This card does away with the need for carrying separate cards for banking and transit requirements.
Urban Development Minister M Venkaiah Naidu has approved the 'EMV Open Loop Card with stored value' for this initiative.
Earlier, Naidu had set up a committee chaired by the additional secretary in the ministry to find an inter-operable mobility card that can be used across different transport systems in India and which can also be used as a credit or debit card as well.
This committee had representatives of
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After studying different models used across the world, the committee has recommended the EMV Open Loop Card with stored value.
This Smart Common Mobility Payment Card addresses the deficiencies associated with other cards being used in Singapore and other countries. This card meets travel needs based on stored value of money. The card can be used for travelling by any means of transport and also enables account based retail applications.
Globally, there is no nationwide common card except in
The ministry has decided to task the
(Image: Indiatimes)
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