The ministry of urban development (MoUD) has come out with 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.
Minister of urban development M Venkaiah Naidu has approved EMV Open Loop Card with stored value in this regard.
This Smart Common Mobility Payment Card addresses the deficiencies associated with other cards being used in Singapore and other countries. 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.
Some of the other models examined include Closed Loop Solution like the Octopus cards in Hong Kong which are limited to using for travel only. The other model of EMV Open Loop Account based model suffers from the limitations of not supporting weekly, monthly, student passes etc, and not facilitating checking for ticketless travel, collection of fines etc., besides increased costs of robust backend systems required for operation.
Globally, there is no nationwide common card except in Singapore where in interoperability is confined to city only. The committee therefore recommended EMV Open Loop Card with stored value for use across the country.
The MoUD has decided to task the National Payments Corporation of India (NPCI) 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 ‘Make in India’ initiative.
C-DAC will develop the standards and hardware for metro gates/validators along with related ecosystems. The government has approved a funding of Rs 4.47 crore. Certification and authentication mechanism will be developed by NPCI or any other government agency.