RuPay Specs for Smart Card

As the first step to introduce a common mobility card for the greater Kochi area, Kochi Metro Rail Limited is signing a MoU with National Payment Corporation of India (NPCI). This will enable the use of NPCI’s RuPay specifications for cards & terminals and other payment modes for the smart card, KMRL is going to launch for transit. Shri. A.P. Hota, the Managing Director and Chief Executive Officer of National Payments Corporation of India Limited and Shri Elias George, Managing Director, Kochi Metro Rail Limited will sign the MOU in a function to be held at KMRL office on  Monday, 22nd December 2014 at 12 noon.


National Payments Corporation of India (NPCI) is the umbrella organization of all retail payment systems in India and is set up by the banks in India with the support and guidance from Indian Banks’ Association. The organization has been mandated to build central infrastructure for payment systems like ATM Switching, Mobile Payments, Cheque Truncation System, POS Switching, 24 X 7 remittance system and Financial Inclusion transactions. The organisation has also a mandate to build a domestic card payment scheme.


NPCI was formed with the core objective of consolidating and integrating the multiple systems with varying service levels into nation-wide uniform and standard business process for all retail payment systems. It is also meant to facilitate an affordable payment mechanism to benefit the common man across the country and help financial inclusion. It has been incorporated as a Section 25 company under Companies Act and is aimed to operate for the benefit of all the member banks and their customers. Presently, there are ten core promoter banks ( State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Union bank of India, Bank of India, ICICI Bank, HDFC Bank, Citibank and HSBC) working with NPCI  towards its objective.


KMRL is planning to set up ticketing and Automatic Fare Collection System (AFCS) which is not only modern and world class but also cost effective in the long run.  Towards this, KMRL, under UMTA is developing a one-fare payment instrument for all modes of public transport, which will be of great benefit for commuters. Even greater benefit will be derived if this payment instrument can be utilized ubiquitously to make payments in the commercial retail environment of the country. Current technological advances in the banking and payments industry will present unique opportunities to achieve this. The tie up with NPCI will help KMRL to achieve this goal. This unique partnership between KMRL and NPCI has the potential to transform the electronic payment industry and Kochi city could well provide stage for this transformation


kmrl mou

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