After RuPay, Visa launches National Common Mobility Card

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Visa, a global payments platform, announced the specifications of the National Common Mobility Card (NCMC) on Monday. The NCMC, also referred to as ‘One Nation, One Card’, was launched in March 2019 by Prime Minister Narendra Modi with the idea to create a single card for payments across all transit segments. The first partner for NCMC was the National Payments Corporation of India (NPCI) which runs RuPay. 

Visa
The first payments platform to adopt the government’s NCMC was the home-run Rupay, a payments platform similar to Visa.

The NCMC is an interoperable card that can be utilised by the user to pay at several transit segments such as bus, metro, parking, suburban railway, and toll, in addition to regular merchant payments. The card will store the regular transit passes and will be accepted in partnered public transport operators. 

Visa’s NCMC comes with a contactless feature which will allow the cardholders to tap and pay using the card balance available. One can top-up the balance on the card using several options offered. The card is cost-effective and reduces friction at the time of payments at transit venues. 

Though most people prefer cash transactions for everyday travel, digital payments are expected to be adopted gradually as many different smart city and metro projects are being implemented in the country. Also, the card used by individuals to make retail payments can be conveniently used to make payments at a suburban railway station or a toll booth. 

The contactless cards offered by Visa supports the Account-Based Ticketing (ABT) model across the world. ABT allows existing cardholders to use the card while travelling in leading metros. 

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