As digital payments and transit systems become increasingly integrated, the adoption of interoperable, contactless payment instruments is gaining momentum across India. The RuPay National Common Mobility Card (NCMC) ecosystem, in particular, is enabling users to access multiple mobility and payment services through a single smartcard.
Against this backdrop, Ebix and its distribution arm Ebix Payment Services, along with National Securities Depository Limited (NDSL) payment banks*, have registered more than a crore NCMC RuPay smartcards in five months, a pace of roughly 66,000 cards a day, or about 46 every minute, sustained without a break. The run ranks among the fastest issuance runs recorded by a financial institution on the RuPay network in India.
