PhonePe has launched its 'On-The-Go' NCMC-compliant card for offline transit payments in India, starting with Hyderabad Metro. This initiative supports the 'One Nation One Card' vision and aims to unify transport payment systems nationwide.
PhonePe's entry into the transit payments sector with its NCMC card directly supports India's 'One Nation One Card' initiative, aiming to create a unified payment system for travel. This move intensifies competition in the fintech space and deepens PhonePe's integration into users' daily lives, expanding its ecosystem beyond P2P and merchant payments into the high-frequency transit category.
PhonePe launches NCMC-compliant 'On-The-Go' card for offline transit payments
The card supports the 'One Nation One Card' vision for a unified transport payment system in India
It features a stored-value balance of up to ₹2000 for tap-and-pay transactions on metros and buses
The launch starts with Hyderabad Metro, with plans for a nationwide rollout.
PhonePe launches NCMC-compliant 'On-The-Go' card for offline transit payments
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