NATIONAL COMMON MOBILITY CARD

Prelims level : Governance Mains level : Government Policies and Interventions for development in various sectors and issues arising out of their design and implementation
No Set Found with this ID

Why in News?

  • National Common Mobility Card (NCMC) – One Nation, One Card for transport mobility is an initiative of the Ministry of Housing and Urban Affairs to enable seamless travel by different metros and other transport systems across the country besides retail shopping and purchases.

Highlights:

  • The Indigenous Automatic Fare Collection System based on One Nation One Card Model is the first of its kind in India.
  • These are bank issued cards on Debit/Credit/Prepaid card product platform.
  • The customer may use this single card for payments across all segments including metro, bus, suburban railways, toll, parking, smart city and retail.
  • 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.

Benefits of NCMC:

  • NCMC Ecosystem offers the value proposition for customers as they need not to carry multiple cards for different usage. Further, the super quick contactless transactions will improve the seamless experience.
  • For operators, NCMC ecosystem brings common standards for implementation without vendor lock-in.
  • This will also help in higher digital payments penetration, savings on closed loop card life cycle management cost and reduced operating cost. The rich data insights may be used by operators for business intelligence leading to efficient operation.
  • With NCMC Ecosystem, Banks will get an access to segments which are highly driven by cash but stickiness in nature. NCMC Ecosystem will further help government in digitization of low value payments and reduced cost for the entire ecosystem.
Share Socially