The State Bank of India (SBI) on Friday introduced three new offerings targeting the daily commuters.
These include the MTS RuPay NCMC prepaid card, which provides an offline payment solution; the One View mobile app, a one-stop solution to manage all SBI NCMC prepaid cards; and an advanced design for SBI FASTag that reduces travel time for commuters.
The introduction of these offerings are done in an attempt to enhance public commute and support the broader objective of digital financial inclusion in India, the public sector lender said in a press note.
As per the further information shared by the SBI, the Nation First MTS Card – The MTS RuPay NCMC prepaid card is designed to offer a seamless, offline payment solution for all NCMC-enabled transit projects, including metro rails, buses, ferries, tolls, and parking.
OneView Mobile Application – This app is designed to provide a comprehensive solution for managing SBI’s NCMC Prepaid Cards, making it easier for customers to top-up, track, and manage their cards from a single platform.
Advanced design for SBI FASTag – The bank has introduced a new design for SBI FASTag in the Vehicle Class (VC-04) category. The advanced FASTag design enhances vehicle identification and toll collection efficiency aimed at reducing travel time for millions of commuters in India.
Speaking on the lauch, SBI Chairman CS Setty said, “The introduction of the Nation First MTS Card, the OneView Mobile Application, and the redesigned SBI FASTag highlights SBI’s leadership in digital payment solutions and our dedication to improving the public transportation experience.”
“We are proud to introduce these innovations, which enhance convenience, security, and efficiency for our customers,” he added.
Vinay M. Tonse, MD, State Bank of India, stated, “These initiatives underscore SBI’s commitment to harnessing technology to build a more connected and efficient financial ecosystem. We are continuously evolving to meet the dynamic needs of our customers, and we anticipate a significant positive impact from these advancements.”
