CURRENT AFFAIRS
CURRENT AFFAIRS
Description
National Payments Corporation of India's (NPCI) wholly-owned subsidiary, NPCI Bharat BillPay Limited (NBBL), has partnered with State Bank of India (SBI) to facilitate online recharge of SBI's National Common Mobility Cards (NCMC) via the Bharat BillPay platform. This initiative seeks to offer NCMC subscribers a convenient and seamless top-up service while avoiding long lines.
The NCMC recharge feature is already available for SBI NCMC cards for transit systems such as Noida Metro, Nagpur Metro, MMRDA Line 2A & 7, Chennai Metro, Kanpur Metro, and Parliament Canteen through SBI's Bharat BillPay-enabled app, SBI Unipay. More platforms are likely to support this service soon.
Key Features And Benefits Of The Project
Customers can recharge their NCMC cards with up to Rs. 10,000 online using various Bharat BillPay-enabled apps and portals.
Multiple payment mechanisms are supported, including credit cards, debit cards, and prepaid payment instruments.
Tapping the NCMC card at the transit terminal results in an instant reflection of the recharge amount.
Enhances convenience for travelers by providing anytime, anywhere recharge.
Aligns with the Indian government's objective of a cashless economy and the deployment of interoperable transportation cards.
About NCMC
The Ministry of Housing and Urban Affairs of the Government of India developed the National Common Mobility Card, an interoperable transportation card.
It allows for seamless travel around the country via various metros and other modes of transportation, in addition to retail shopping and purchasing.
Banks issue the NCMC card, while transit system operators handle last-mile operations.
SBI is one of the main issuers of NCMC cards.
About NPCI And Bharat BillPay
The NPCI, established in 2008, is an umbrella body for all retail payments in India.
Its multiple solutions, including the Bharat Bill Payment System (BBPS), aim to promote digital payments and financial inclusion.
This effort provides a centralized platform for all recurring bill payments. It interacted with billers and customers via a network of agents and online portals to facilitate bill payment services.
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