Indians can pay for all metro, bus and rail travel, parking, online and offline store payments, etc. with Paytm Transit Card, a single card.
- NCMC offers an inter-operable physical mobility card, which drives the government’s One Nation, One Card initiative, providing convenience to millions of Indians.
- Having established leadership in the FASTag category
- The card linked to Paytm Wallet can be used for all transactions of the user – from travel in metros, buses and trains, to payment of toll and parking charges, payments at offline and online stores to cash from ATMs until the evacuation.
- Users can simply top up Paytm Wallet account to use the card and there is no need to maintain a separate account for the same.
- The first phase of the rollout is being rolled out in collaboration with Hyderabad Metro Rail, Ahmedabad Metro and Delhi Airport Express Line, where users can take advantage of the power of seamless transactions.
Paytm Payments Bank Limited (PPBL), India’s domestic payments bank, today announced the launch of Paytm Transit Card, bringing together the power of One Nation, One Card.
The bank aims to equip millions of Indians with a physical card for all their everyday needs – from metro, railways, state-owned bus services to travel, toll and parking charges to pay at offline merchant stores, online shopping and more.
The Paytm Transit Card also enables withdrawal of money from ATMs. With this launch, users will not have to worry about carrying multiple cards for different purposes and just use Paytm Transit card for all their payments.
The launch of the Paytm Transit Card is in line with the Bank’s initiative to bring in products that make banking and transactions seamless for all Indians.
With the bank’s robust technology and vast user base, PPBL will enable mass adoption of ‘Paytm Transit Card’ which will help in further boosting the NCMC and Digital India initiative.
It has also created a completely digital process to apply, recharge and track all card transactions on the Paytm app itself.
The physical Paytm Transit Card will be delivered at the customer’s doorstep or can be purchased at designated point of sale.
The Paytm Transit Card is directly linked to the Paytm Wallet, where users can top-up the wallet to use the Transit Card and there is no need to create a separate account.
The Paytm Transit Card rollout is being launched in association with Hyderabad Metro Rail. Users in Hyderabad can now simply buy the Transit Card, which can be displayed at the Automatic Fare Collection (AFC) gate to proceed for the journey.
The service will help over 50 lakh commuters who use metro/bus/train services every day and experience seamless connectivity.
The Paytm Transit Card is already live on Ahmedabad Metro and Delhi Airport Express Line. People can use this transit card in metros as well as other metro stations across the country.
MD & CEO, Paytm Payments Bank Ltd, Satish Gupta said, “The launch of Paytm Transit Card will bring millions of Indians the power of a single card that takes care of all banking and transportation requrements.
It will promote financial inclusion and access for all. We are happy to be a part of the NCMC initiative and will continue to work towards digitization of the transit ecosystem in the country by adopting smart mobility solutions.
Paytm Transit Card is the bank’s second product in the mass transit category after the success of PPBL FASTag.
Paytm Payments Bank is the first bank in the country to achieve the milestone of issuing more than 10 million FASTag.
In addition, it is also India’s largest acquirer of toll plazas for the National Electronic Toll Collection (NETC) programme, which offers a nationwide toll payment solution.
| Are you an
Entrepreneur or Startup? Do you have a Success Story to Share? SugerMint would like to share your success story. We cover entrepreneur Stories, Startup News, Women entrepreneur stories, and Startup stories
|
The bank has enabled digitally depositing toll charges at over 280 toll plazas on National and State Highways.