National Common Mobility Card (NCMC) – One Nation, One Card for Transport Mobility is an initiative of the Ministry of Housing and Urban Affairs to enable easy travel by various metros and other transport systems across the country, besides retail shopping and shopping. .
Swadeshi Automated Rental Collection System based on One Nation One Card Model is the first of its kind in India.
Need of National Common Mobility Card
Public transport is widely used all over India as a cost-effective and convenient way for all sections of society. Cash is the most preferred way of paying rent in public transport. However, there are many challenges related to cash payments. Cash handling, revenue leakage, cash reconciliation etc. Various initiatives have been taken by transit operators to automate and digitize rent collection using automated rental system (AFC). The introduction of a closed loop card issued by these operators helped to digitize the rent collection to a significant extent. However, the restricted applicability of these payment instruments restricts the adoption of digital by customers.
Apart from retail purchase and purchase, in order to ensure uninterrupted travel in metropolitan and other transport systems, the Ministry of Housing and Urban Affairs (MoHUA) has come up with the National Common Mobility Card (NCMC) program.
Benefits of National Common Mobility Card
NCMC ecosystem offers value propositions for customers because they do not need to take several cards for various uses. In addition, super instant contactless transactions will improve the seamless experience. For operators, the NCMC ecosystem brings general standards for implementation without the vendor lock-in.
This high digital payment penetration, closed loop card will also help in life saving cycle management costs and lower operating costs. Rich Insights Insights can be used by operators for business intelligence, which can lead to efficient operation.
With the NCMC ecosystem, banks will get access to those segments which are highly cash driven but sticky in nature. NCMC ecosystem will help the government in the digitization of low cost payments and low cost for the entire ecosystem.