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Mumbai Bus Operator To Test India’s National Transit Card

PYMNTS

India’s One Nation One Card will be test-piloted with Mumbai bus operator BEST in November, NFCWorld reported on Tuesday (Aug. The national transit card system uses a bank-issued card that will run on India’s RuPay payments network, the news outlet said. The pilot is to see how the system would work.

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Commuters In India Will Soon Need Only One Transport Payment Card

PYMNTS

Metro authorities in India are planning to launch automatic fare collection (AFC) gates that will work with the country’s National Common Mobility Card (NCMC) that was introduced in March by the Ministry of Finance , according to reports on Thursday (Jan. Right now, the smart card lets commuters skip the lines to buy metro tickets.

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New Payment Rails Take On Real-Time B2B Friction

PYMNTS

In India, payments and banking technology firm Cashfree recently revealed its initiative to open up the nation’s real-time payment network to corporates with the launch of its UPI (Unified Payments Interface) stack, a solution designed to enable businesses to onboard to the rail. ” Metro Bank Loops SMBs Into Bacs.

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China Tests Facial Recognition Subway Payment

PYMNTS

A subway operator in Shenzhen, China is testing facial recognition software, powered by a 5G network, to pay for entry, according to reports. The technology was designed by Shenzhen Metro and telecom company Huawei. The metro company hasn’t said if and when facial recognition will become a part of all of its lines.

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Bankers Call For Overhaul Of RBS Fund Program

PYMNTS

The NAO [National Audit Office] should have a look,” one senior bank board member said. “It million) to help with banking investments, but last week, Metro Bank , which received the biggest reward, said it would give back 50 million pounds ($63.8 They included Arbuthnot Latham, CYBG, The Co-operative Bank, Hampden & Co.,

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Open Banking Casts Global Net

PYMNTS

Metro Bank is currently piloting an integrated receipt data capture and management solution, the result of its data integration with FinTech Sensibill. A press release announcing the pilot also revealed that Metro Bank plans to expand the integration’s capabilities into services like invoicing and bookkeeping.

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Union Budget 2021: Highlights

BankBazaar

The National Sample Survey Office conducted a survey between 2017 and 2018, sampling 113,823 urban and rural households. We await the operational details of the scheme now. National Asset Monetising Pipeline launched to monitor asset monetisation process. National Rail Plan created to bring a future-ready Railway system by 2030.

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