Union Government frames Smart National Common Mobility Card Model to enable metro travel, shopping
Union Ministry of Urban Development has come out with a Smart National Common Mobility Card (NCMC) model to enable seamless metro travel, shopping,
In this regard, Union Minister of Urban Development Venkaiah Naidu has approved the EMV Open Loop Card with stored value.
Key facts
- NCMC card meets basic travel needs based on concept of stored value of money. It can be used for traveling by any means of transport and also enables account based retail shopping applications.
- The card does away with the need for carrying separate cards for banking and transit requirements.
- National Payments Corporation of India (NPCI) will be nodal agency in indigenously developing and managing of settlement and clearing of payments, simulating terminals and network, cards, provide certified tools to vendors for and other services.
- Centre for Development of Advanced Computing (C-DAC) will develop the specified standards and hardware for Metro gates and validators along with related ecosystems for making NCMC card model operational.
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Month: Current Affairs - September, 2015