Karnataka Bank, in line with the vision of the Ministry of Housing and Urban Affairs launched a new indigenous Rupay debit card- National Common Mobility Debit Card (NCMC). This is an international Contact-less, debit cum prepaid and inter-operable transport card, a “One Nation One Card i.e., a card with many benefits”.
Some of the salient features of the card are:
- Tap & Go (Contact-less): Make payments without dipping/inserting the card at PoS terminals.
- Effect payments at Toll plazas, Metro transits, Parking lots, Retail outlets, Smart cities etc.
- Wallet- Supports small ticket size offline payments through the value stored in the chip of the debit card.
- Enables domestic and international transactions through ATM, PoS and e-Commerce.
Shri Mahabaleshwara M S, Managing Director & CEO of the Bank while inaugurating the pilot launch of the RuPay NCMC card- ‘One Nation One Card’ said that “this is Bank’s first ever Contact – less debit card and is expected to change the banking paradigm to a great extent, especially in retail payments by its unique features of ‘Tap & Go’ and ‘Offline wallet’ payments”. He also added that it is going to transform the digital payment ecosystem in a big way.