BOB unveils NCMC RuPay prepaid card to ease payments

RuPay prepaid card

Bank of Baroda unveiled the National Common Mobility Card (NCMC) RuPay reloadable prepaid card. Keeping up with the ‘One Nation, One Card’ concept, the Bank of Baroda’s new chip-enabled contactless prepaid card may be used to pay for public transportation on the metro as well as future use cases for bus, train, cab, ferry, tolls, and parking.

According to Bank of Baroda, the card can also be used for daily ATM cash withdrawals and payments via POS (point of sale) and e-commerce. Customers and non-customers can get the card at Bank of Baroda locations, and it will be activated immediately for real-time use.

The card is compatible with both online and offline transactions at NCMC-specific terminals. At any time, the maximum online wallet amount is 1 lakh, and the maximum offline wallet balance is 2,000.

Lal Singh, Executive Director of Bank of Baroda, said, “The Bank of Baroda NCMC RuPay Prepaid card adds a new dimension to cashless, on-the-go transactions and has the potential to transform the public transport commuting experience for users. With multiple use cases, the card offers enormous convenience, flexibility and security to cardholders.”

Also Read | Bank of Baroda to raise Rs 15,000 cr capital for strategic expansion

Cardholders can load/reload money into their online wallets via a specific bank gateway. Reloading the offline wallet is possible at designated NCMC terminal operators at transit stops.

"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.