Kochi Metro Rail signs MoU with National Payment Corporation

KOCHI: Kochi Metro Rail Limited and National Payment Corporation of India have signed MoU to be associated with the roll-out of a common mobility card for greater Kochi area through the use of NPCI's RuPay specifications for cards and payment terminals and other payment modes.

Elias George, Managing Director, KMRL and A P Hota, Managing Director and Chief Executive Officer of NPCI signed the MoU at a function held at KMRL office today.

This is the first time any metro in the country is taking an initiative to create a smart card, which will enable its commuters to do commercial and service transactions beyond the metro transit system, a KMRL release said here today.

NPCI is the brand owner of the 'Rupay' payment network system and also the agency responsible to consolidate and integrate the multiple systems with varying service levels into a nation-wide uniform and standard business process for all retail payment systems.