Tue. Sep 22nd, 2020

Urban Development Ministry comes out with Smart National Common Mobility Card model

1 min read

On 1.09.2015, the
Ministry of Urban Development has issued a notification that it has come out
with a Smart National Common Mobility Card (NCMC) model to enable seamless
travel by different metros and other transport systems across the country
besides retail shopping and purchases. Shri M. Venkaiah Naidu, Minister of Urban
Development, has approved the ‘EMV Open Loop Card with stored value’ in this
regard. This card meets travel needs based on stored value of money and can be
used for traveling by any means of transport and also enables account based
retail applications. Accordingly, this card does away with the need for
carrying separate cards for banking and transit requirements. The Ministry has
decided to task the National Payments Corporation of India with indigenous development
and management of Clearing and Settlement of payments, Simulating Cards,
Terminals and network, a support base of vendors for providing certified tools,
cards, terminals and other services. This is in line with the ‘Make in India’

Shri Venkaiah
Naidu has directed the ministry officials to ensure time bound and coordinated
progress in this regard by various agencies so as to enable early introduction of
Smart Mobility Cards and also to inform the States of this initiative for
taking appropriate action for integration of other systems with the new smart

Ministry of Urban Development

Source: Legal news India

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