AURTEL PAYMENTS BANK MD AND CEO ANUBRATA BISWAS
Arette Payments Bank is betting big on the ‘Rupay cards on the march’, enabled with NCMC, having issued 2.5 million such cards to date, and sees that this card portfolio expands to more than 10 million during the period of two Tish Bis. Commercial. The National Common Mobility Cards (NCMC) protocol was launched by National Payments Corporation of India (NPCI) in 2019.
The payment bank currently offers three card variations, i) Debit cards with NCMC, savings account cards, ii) Prepaid cards for wallet customers and iii) PPI-MT version of the card.
It is also acquiring and broadcasting for five Metro-Delhi Metro Rail Corporation (DMRC), Airport Express Line, Mumbai Metro One Private Limited (MMOPL), National Capital Region Transport Corporation (NCRTC) and Gujrat Rail Corporation. Recently he associated with Metropolitan Transport Corporation (MTC) to launch the Chennai Singara card, said Biswas.
What are NCMC cards?
To improve the convenience of the payment transaction for customers who use public transport, the NPCI launched ‘Rupay on the-GO cards backed by NCMC. This card can be used in transport points (subway trains, buses, shared cars, transfers, cars, etc.) to touch and pay trips.
“For example, if we look at the Delhi subway, issu your own cards and people can also buy an NCMC card from the Aurtel payment bank of the Metro station. Lene and Lene, Lene and Lene and Lene, Lene and Lene and Leen’s ashes. Okay, all meters have moved to this protocol.
“Indian cities cannot flourish unless it has a system of acceptance of common and vibrant public transport payments. It continues to travel through all modes of transport. Therefore, the interoperability of transport payments is a very enabler factor, similar to the biometry for aadhar,” he said.
Services to disaggregate or financial
Biswas says that the payment bank sees a great business opportunity on these cards, since most customers who buy them choose to open a second bank account with Airs Payments Bank only to make digital transactions.
“We have noticed that once a customer buys us NCMC card, the next time they open a digital bank account with us. Cercernation teanernmentnmentnmentnmentnmentnmentnmentnmentnmentnmentnmentnmentnmentnmentnment.
Posted on April 25, 2025