RuPay contactless cards launches at NMMT

National Payments Corporation of India (NPCI) has joined hands with Navi Mumbai Municipal Transport (NMMT) and HDFC Bank to launch Navi Cards. The card will enable NaviMumbaikars and those travelling to the city to make use of the prepaid card to pay NMMT bus fares. Currently, the acceptance will be enabled only in selected routes. HDFC Bank is the first bank to issue cards to NMMT commuters. Customers can get these contactless cards over the counters of NMMT bus depot. Navi cards can be seamlessly used at retail outlets having POS terminals, E-commerceand ATMs.

Navi Cards are designed in line with the National Common Mobility Card (NCMC) guidelinesto offer secure, user friendly and cost effective solution to facilitate low value payments and build cashless transaction environment.

Launch of StartUPIndia at PUNE

NPCI, the Presenting partner of the StartUPIndia conversations hosted the first edition of this series in Pune. The event is designed for the fintechstartup community to connect, catalyze and motivate startup ecosystem in Tier-2 cities. The idea is to build merchant & lead bank engagement in Tier-2 centers. Cities targeted are Pune, Hyderabad, Jaipur, Indore, Ahmedabad and Nashik.

Launch of Fintech Accelerator Hub

Fintech Accelerator Hub an initiative by the Government of Maharashtra is a unique public private partnership led initiative which was launched on 1st December’18 at The Taj Palace Colaba which is an initiative by the Government of Maharashtra
NPCI the forerunner in Digital Payments has associated as a Powered by sponsor for the Accelerator Program which will catalyse entrepreneurship and create opportunities to scale through this accelerator. The objective is to nurture and enhance the talent pool lying in the fintech ecosystem to drive Innovation in Digital Payments.

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