Prime Minister Narendra Modi has launched a National Common Mobility Card (NCMC) as a common payment mode for multiple transport fares, retail among others. Popularly termed as ‘One Nation One Card’, this inter-operable card will allow the users to pay the fare of bus, metro, parking charges and retail shopping.
The NCMC card has been developed by the Ministry of Housing and Urban Affairs (MoHUA). The automatic fare collection system is expected to eliminate the problem of lack of cash or change to pay the public transport fare or toll and parking charges.
Modi also mentions that this card can be utilised for withdrawing money. He further states that the card has been developed by indigenous technology. Hence, the dependence on foreign technology to develop such cards would reduce.
The NCMC cards are bank-issued cards on debit/credit/pre-paid card product platform. As per reports, the stored value on card supports offline transaction across all travel needs with minimal financial risk to involved stakeholders. The service area feature of this card supports operator specific applications e.g. monthly passes, season tickets etc.
The Prime Minister launched the card while inaugurating the 6.5 kilometre stretch of the first Ahmedabad Metro first phase on Monday.
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