- Published on May 16, 2019
- In AI Features
Behind The Tech: NPCI And RuPay’s Common Mobility Card Explained
- By Anirudh VK
Payment processing giant Visa announced that they are compliant with the standards mentioned for supporting the National Common Mobility Cards. This is the latest development in the forward movement of the Interoperable Fare Management System.
The card is set to redefine payment for public transport systems in the Indian subcontinent. Indians are looking at a revolution in public transport and retail ease of access, at the cutting-edge of digital payments.
History Of The IFMS
In late 2010, the Indian government envisioned a scheme wherein seamless access could be granted to public transport networks. The system, which later came to be known as IMFS, aimed to let passengers to pay across different public transport systems using one system.
This was created as an effort to bring together t
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Anirudh VK
I am an AI enthusiast and love keeping up with the latest events in the space. I love video games and pizza.
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