Budget 2019: What you must know about ATM-like travel card that FM talked about

Budget 2019: What you must know about ATM-like travel card that FM talked about

The Union Budget 2019 reinforced government’s continuous focus on promoting digital payments. While presenting the budget, finance minister Nirmala Sitharaman announced a slew of measures to promote digital payments in the country. During her budget presentation, Sitharaman also spoke about the ‘One Nation One Card’ that the Prime Minister Narendra Modi had launched in March this year. The card is National Common Mobility Card (NCMC) compliant and is powered by RuPay card payment scheme by the National Payments Corporation of India (NPCI).

Talking about the card, the FM said, “India’s first indigenously developed payment ecosystem for transport, based on National Common Mobility Card (NCMC) standards, was launched by Hon’ble Prime Minister in March, 2019. This will enable people to pay multiple kinds of transport charges, including metro services and toll tax, across the country.” Here is everything you need to know about this ‘One Nation One Card’.

One Nation One Card is similar to any RuPay-based debit or credit card issued by your bank

One Nation One Card is NCMC-compliant and will be usable to make payments while travelling in buses, metros and trains…Read more>>

Source:-gadgetsnow

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