OT, Axis Bank to launch EMV contactless smart card in India

Tuesday 26 July 2016 | 22:12 CET | News

Oberthur Technologies (OT), a provider of embedded security software products and services, has signed a partnership agreement with India’s Axis Bank, to offer open loop EMV contactless smart cards to be used in public transportation in Bengaluru city. Axis Bank will launch open loop smart cards in India to be used in public transportation.

The smart card will enable users to tap and pay instead of buying a ticket each time they use transportation in Bengaluru. The EMV contactless smart cards will be based on RuPay, the Indian domestic card scheme conceived and launched by the National Payments Corporation of India.

OT will provide the contactless EMV smart cards. The cards have multiple service compartments to accommodate many retail/transit/toll/parking chains enabling user convenience to have one single card for various payment needs. In addition, they are interoperable across different transport systems in the country.  

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

::: add a comment