Infocomm Infocomm
24th NBFC100 TECH SUMMIT AWARDS 24th NBFC100 TECH SUMMIT AWARDS
BFSI AI SUMMIT BFSI AI SUMMIT
Home Regulators RBI SEBI TechINFRA Security Data Centre Cloud Services Government Reforms DBT Aadhaar GST Payments Payment Gateways ATM Point of Sale Payment Wallets Fintech Apps Banks Public Sector Private Sector Cooperative NBFCs Year Ender Magazine Magazine Subscription Articles Interviews Webinars Webinar Videos Video Series — Innovation Talk Upcoming Initiatives BFSI Events About Us Contact Us

PhonePe partner BEST, Mumbai to offer contactless commute

PhonePe

PhonePe, leading digital payments platform has partnered with Brihanmumbai Electricity Supply and Transport Undertaking (BEST), Mumbai in a bid to ensure provide frictionless, contactless and safe payment options to commuters across Mumbai.

Commuters who use BEST services on daily basis, will now be able to pay their fare via UPI based interoperable QR code and don’t have to think twice about carrying cash or exact change for their fare.

AdvertisementElets BFSI AI Summit & Awards, Mumbai

PhonePeFor ensuring this service, more than 10,000 conductors have been deputed with a unique QR code lanyard. All a commuter will just have to ask for the fare amount to their destination from the conductors, scan the QR code using any UPI enabled payment app, enter the amount and UPI PIN to make the payment directly from their bank accounts.

AdvertisementSAAS

Also Read:- PhonePe, ICICI Lombard partner to offer affordable Hospital Daily Cash benefit

Vivek Lohcheb, Vice President – Offline Business Development, PhonePe said “We are excited to have partnered with BEST to enable contactless fare payments for commuters using public transport across Mumbai. Interoperable QR codes have been deployed in over 3000 buses across 27 depots covering key routes in the city. This solution allows our esteemed partners to accept payments from PhonePe or any UPI app, ensuring both commuters and partners don’t have to go through the hassle of dealing with cash. This will prove particularly useful in these extraordinary times. We believe this use case will be a key driver of safety and convenience while acting as another step forward towards achieving the Prime Minister’s vision of a digital and cashless India.”

AdvertisementInfoComm India 2026

Manoj Varade, Dy.P.R.O, BEST Undertaking added “We have introduced digital ticket purchases considering safety of our passengers during this pandemic situation with a cashless mode of ticketing. It is a convenient way to both commuters and conductors. We strongly believe that it will encourage Mumbaikars to take public transport and help to decongest our city.”

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➔ www.eletsonline.com/subscription/

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.

Our Coverage of News

Cholamandalam Finance Q2 FY27: Profit Jumps 41% to ₹1,630 Crore, Board Clears ₹5,000 Crore QIP

Cholamandalam Investment and Finance Company (CIFCL), the Murugappa Group's flagship non-banking finance company, has reported a 41% year-on-year… Read more →

Air India, SBI Card and Visa Team Up on Co-Branded Travel Credit Card for Maharaja Club Members

Air India and SBI Card have joined hands to build a new co-branded credit card on the Visa… Read more →

PNB Housing Finance Q2 FY27: Disbursements Jump 60% to ₹9,609 Crore, Profit Rises 6% to ₹617 Crore

PNB Housing Finance has posted its strongest quarter yet on the origination front. The Punjab National Bank-promoted housing… Read more →

Small NBFCs Lose an Estimated ₹300 Crore to AI-Powered Cyberattacks in Two Months; CERT-In Flags Payment API Exploits

India's smaller non-banking financial companies (NBFCs) are emerging as the soft underbelly of the country's digital lending and… Read more →

Meesho to Infuse ₹400 Crore in Meesho Payments, Sets Up New Financial Services Arm to Build In-House Lending

E-commerce platform Meesho is deepening its push into lending. The company's board has approved an investment of up… Read more →

Kissht Q2 FY27: Profit Doubles to ₹125 Crore as AUM Jumps 68% to ₹9,317 Crore

Digital lending platform Kissht has posted one of the strongest quarters in its history. Its parent company, OnEMI… Read more →

whatsapp--v1