Mastercard, Mumbai Metro and Axis Bank launch ‘ONE MUMBAI METRO CARD’, to ensure a seamless commute for MumbaikarsJuly 8, 2021 | Mumbai
The initiative aligns with the government’s goal to build a future-ready public infrastructure with connectivity, productivity, sustainability and safety
Mastercard, Mumbai Metro and Axis Bank today announced the launch of ‘One Mumbai Metro Card’, to ensure contactless and cashless travel for Mumbaikars. It is a prepaid, open loop contactless card which can be used as a part of the daily transit journey with just a tap. With this solution, Mastercard has continued to contribute in changing the way India commutes and helping the transit eco-system go completely digital. This is a card that can be used for all daily purchases from food, groceries, medicines as well as tickets.
Mastercard’s solution gives transit agencies the ability to design, develop and deploy customized prepaid digital payment solutions, delivering essential contactless transit experience to riders. This is another step in helping the government digitise transport and build the country’s digital economy, backed by the highest standards of safety that Mastercard is known for.
The ‘One Mumbai Metro Card’ offers salient features such as contactless, simplicity of use and top-up, speed and convenience for one’s metro fare as well as other daily spends such as grocery, restaurants and shopping. It is relevant in facilitating safe and seamless metro commute without the need to queue up anywhere, in times of social distancing and for hassle-free daily payments. One can get the ‘One Mumbai Metro Card’ from Mumbai Metro Station counters.
Commenting on the launch, Sanjeev Moghe, EVP and Head, Cards and Payments, Axis Bank, said, “We feel privileged about our association with Mumbai Metro One and Mastercard, to launch the ‘One Mumbai Metro Card’ for Mumbaikars. Axis Bank has always been at the forefront of promoting a digitised economy; providing safe and secure digital payment solutions to customers. In this endeavour, this collaborated effort with Mumbai Metro One and Mastercard provides commuters with a unique and seamless payments experience, reducing the need for a customer to carry multiple cards. It also supports regular payments across retail and e-commerce through a single card. We are confident that ‘One Mumbai Metro Card’ will encourage commuters to go digital, as India makes rapid strides towards becoming a ‘less-cash’ economy.”
Speaking on the occasion, Col. Shubhodoy Mukherjee, CEO, Mumbai Metro One, said, “We are delighted to launch the ‘One Mumbai Metro Card’ for Mumbaikars, continuing with our tradition of providing world-class services. We expect this card to be used by all travellers and become popular amongst Mumbaikars who pay digitally.”
Commenting on the launch, Rajeev Kumar, Senior Vice President, Market Development, South Asia, Mastercard said, “Mastercard is bringing its global expertise to India from markets like Singapore, Sydney and London, by offering seamless commuting with the tap and go transit payment solutions. As one of the first technology and payment solutions provider to bring open loop payments in public transport globally, Mastercard is thrilled to partner with Mumbai Metro and Axis Bank to launch the ‘One Mumbai Metro Card’. This will help deliver increased choice, flexibility and confidence in transit experiences for the customers – from seamlessly tapping in and tapping out at Mumbai Metro, to buying their cutting chai, vada pav or for any other daily shopping.”
This solution will pave the way towards the new normal for Mumbai’s daily commuters. It also drives wider acceptance on contactless payments in a digitally connected world, making it interoperable for cardholders to use their cards for travel and transit across Mumbai. Furthermore, it contributes to the larger aim of ‘Envisioning transport 2030’.
- The End –
About Axis Bank
Axis Bank is the third largest private sector bank in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses. With its 4,594 domestic branches (including extension counters) and 11,333 ATMs across the country as on 31st March 2021, the network of Axis Bank spreads across 2,521centers, enabling the Bank to reach out to a large cross-section of customers with an array of products and services. The Axis Group includes Axis Mutual Fund, Axis Securities Ltd., Axis Finance, Axis Trustee, Axis Capital, A.TReDS Ltd., Freecharge and Axis Bank Foundation. To read more about the Bank, please visit https://www.axisbank.com
For further information on Axis Bank, please refer to the website: https://www.axisbank.com
About Mumbai Metro One
Mumbai Metro One Private Limited (MMOPL), is a Special Purpose Vehicle (SPV) created to develop, implement and operate Mumbai’s first Metro Line, on a public-private partnership (PPP) model. It is a consortium formed by Reliance Infrastructure Limited, where RInfra holds 74% of the equity share capital of MMOPL, while MMRDA holds 26%. The 11.40 km long Versova-Andheri-Ghatkopar corridor that provides connectivity between Western and Eastern Mumbai was awarded to MMOPL for the Concession period of 35 years. The corridor has 12 stations and has reduced the travelling time of Mumbaikars from 90 minutes to 22 minutes.
About Mastercard (NYSE: MA), www.mastercard.com
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments, and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks Priceless™ possibilities for all.