Latest news with #NationalCommonMobilityCards
The Hindu
4 hours ago
- Business
- The Hindu
CMRL to fully switch to usage of Singara Chennai cards, commuters with smart cards can transfer balance
Chennai Metro Rail will entirely switch to the usage of National Common Mobility Cards or the Singara Chennai cards from August 1. As a result, commuters with the regular travel cards or contactless smart cards will not be able to do a top-up of the card in all 41 stations of the phase I and phase I extension network from August 1. Commuters can exhaust the remaining balance in the smartcards for travel meanwhile. 'When the card residual value reaches the minimum (less than ₹50), the card shall be surrendered at CMRL ticketing counters and in lieu shall obtain Singara Chennai Card as replacement with zero card cost along with transfer of their deposit and residual value to NCMC for further usage,' according to a press release. While contactless smart cards have been available since 2015, Chennai Metro Rail commenced the issuance of NCMC in April 2023.
Indian Express
2 days ago
- Business
- Indian Express
Delhi govt plans 145 new routes for DEVI buses, pilot project in Yamuna Vihar
To encourage more people to travel by the newly-launched Delhi EV Connector (DEVI) buses, the Transport department is planning to start 145 new routes for these 9-m long buses, along with dedicated bus stops to provide last mile connectivity. According to a senior department official, currently, these buses are running on routes meant for the 12-m-long Delhi Transport Corporation (DTC) and cluster buses, covering long distances. The DEVI buses, however, are meant to ensure last mile connectivity and ply in areas where the 12-m buses cannot enter. 'We observed that the ridership in the small buses are less when compared to the 12-m long buses, limiting their effectiveness. To address this, the government has collaborated with IIT Delhi to design a comprehensive new route plan,' said an official. The key aim behind this plan is to improve bus connectivity in underserved localities and ensure better integration with Metro services, the official added. 'As many as 145 new routes have been identified for DEVI buses… These routes have been made keeping in mind the last mile connectivity, proximity to Metro stations… While Metro is a lifeline for many in Delhi, there is lack of transport facilities available for last mile connectivity.' Officials said a pilot project will be started from Yamuna Vihar, following which the model will be implemented across the city. Officials further said they plan to develop new bus stops for DEVI buses. 'Unlike the existing stops, these upcoming bus stops will be different. They will have small digital boards displaying information about bus routes, locations, bus numbers, as well as arrival and departure time. We are also consulting DMRC for this project,' said the official. Moreover, officials said the DTC is planning a mega revamp in the ticketing system by introducing National Common Mobility Cards (NCMC) smart cards for travel in buses and Metro. It is also planning to go cashless by introducing Electronic Ticketing Machine (ETM) for bus journeys, they added. 'ETM machines have been deployed as a pilot project in three bus depots at Rajghat 2, Kalkaji and Hasanpur. These depots run around 700 buses. On these buses, more than 95% tickets are being sold using these ETMs,' said the official. According to officials, people can tap their Metro or NCMC compliance smart cards on these machines and buy tickets. These cards can be used in both Metro and Rapid Rail.
Yahoo
09-04-2025
- Business
- Yahoo
EnKash Secures Prestigious PPI License, Strengthening Its Leadership in Corporate Cards and Spend Management
MUMBAI, India, April 9, 2025 /PRNewswire/ -- EnKash, India's pioneering spend management and payments platform, has secured the coveted Prepaid Payment Instrument (PPI) license from the Reserve Bank of India (RBI). Since 2020, EnKash has been the only fintech to significantly scale the corporate card business, issuing over a million cards. While traditionally collaborating with banks for innovative solutions, this license enables EnKash to further enhance its offerings, streamline legacy card-issuing systems, and create more value for both banks and customers. By combining its Payment Aggregator (PA) license with the new PPI license, EnKash is uniquely positioned to deliver groundbreaking solutions. Prepaid instruments, including cards and wallets, drive over $50 billion (₹4.2 trillion) in annual Gross Merchandise Value (GMV) in India, digitizing cash management across diverse use cases such as National Common Mobility Cards (NCMC), Domestic Money Transfers (DMT), government wallets for direct benefit schemes, corporate payments, expense management, university and campus payment solutions, subscription wallets, and more. Speaking on this significant achievement, Naveen Bindal, Co-founder of EnKash, said "India's payments infrastructure is among the world's most advanced and continues to evolve rapidly - yet there's still much to be done. Card issuance and management still take days, if not weeks. Issuance of payment instruments should mirror the 10-minute delivery of quick commerce - why can't we deliver a prepaid card with full KYC in 10 minutes? We're making that a reality." He further added, "This milestone cements our commitment to creating an agile and compliant financial ecosystem. As businesses increasingly seek seamless digital financial tools, EnKash will continue to lead the charge in delivering smart, scalable, and compliant spend and payment solutions." A Trusted Partner in the Fintech Ecosystem Joining fintech leaders like Pine Labs, Razorpay, and PhonePe with both PA and PPI licenses, EnKash partners with banks (HDFC, ICICI, Axis, IDFC, Kotak, Yes Bank) and networks (Visa, Mastercard, NPCI, Amex). Trusted by 5,000+ businesses and 250,000+ network members, EnKash is backed by $23M from Mayfield, Ascent Capital, Baring Private Equity Partners India, Axilor, and WhiteVentures (backed by Amrish Rau and Jitendra Gupta), reinforcing its role as a fintech innovator. About EnKash EnKash is India's leading spend management and payments platform, simplifying payments, corporate cards, and expense management. Operational since 2018, it has pioneered fintech innovation with multiple RBI-regulated licenses, including PAPG, BBPOU, and the newly secured PPI license. Trusted by 5,000+ customers ranging from start-ups to large enterprises, EnKash has processed over a million corporate cards and serves 250,000+ network members. With $23M in funding led by marquee investors such as Mayfield, Axilor, Baring Private Equity Partners India, and Ascent Capital, its financial orchestration suite empowers CXOs with automation, real-time insights, and compliance tools—making business finance faster, smarter, and more efficient. For media inquiries, contact:Mansi BhatiaEmail: Logo: View original content to download multimedia: Sign in to access your portfolio
