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National Common Mobility Card
Prime Minister Narendra Modi launched a National Common
Mobility Card (NCMC), which can be used to make payments
across public transport anywhere in the country. This includes
Metro, bus and suburban railways, for toll and parking, and
for retail like any credit or debit card. Referred to as "One
Nation One Card", this inter-operable transport card would
allow the holders to pay for their bus travel, toll taxes,
parking charges, retail shopping and even withdraw money.
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National Common Mobility Card (NCMC), also called as One Nation, One Card is basically to be used for transport mobility.
It is a recent initiative of the Ministry of Housing and Urban Affairs that would enable endless travelling through various metros and other transport systems all across the country.
It would also enable retail shopping and purchases besides travelling functions.
NPCI was given the mandate to develop the specifications for card & terminal to support the NCMC ecosystem.
The best part is that the same card can be used at ATMs, Merchant shops and for online payments in addition to other areas of contactless payments via transit, toll, parking and all other small value merchant payments
Explanation:
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