As the election bell is going to ring in the next few days political parties will be preparing themselves to stake the claim in the greed to form the government. After the major step of demonetization in the month of November 2016 taken by Government of India to eradicate black money and increase cashless transactions in the economy there has been scope for many e-wallets and their business were in rise as there was a scarcity of cash in the country and difficulties have been raised when cash is not readily available for the people and people faced issues to buy their daily essentials and other needs. Post scenario of demonetization the government has been encouraging people to do cashless transactions, online payments and e-wallet aggregators utilized the opportunity to do transactions through e-wallets by attracting the people with cash back and other special offers. The government also started focusing on convenience, easy access and time duration to transfer money for the public which would also be transparent for the government from whom to whom the money is getting transferred. In case if the amount you have to pay is hefty, many have a perception that it would be difficult to count and give the cash physically and they may not feel comfortable in that way.
When you want to travel to office, a trip with friends or family what one looks at is sitting comfortably, convenience while traveling and cost is the other thing where everyone wants at the cheaper price or economically they opt for and many people even face issues while paying cash during their travel and to overcome these problems one card has been introduced known as National common mobility card which is acceptable in the entire nation and solve all your travel related problems apart from this it also provides cash back offers if you withdraw cash with this card.
One nation one card is an indigenously developed National common mobility card which enables people to pay multiple kinds of transport charges such as metro services, toll taxes, bus travel, retail shopping and even withdrawal of money across the country. Usually while traveling we pay through cash and we do not have the exact change and this becomes an issue so this card initially helps to pay the money through the plastic Rupay card in a smoother way and apart from this it is one such initiative to go cashless while traveling. The card provides offers such as cashback on bill payments, ATM’s and merchant outlets. The card runs on government-backed payment platform RuPay and is valid at different places such as metros, buses, and trains etc. Few features about the card are it can be used to make digital payments through offline mode and also has a unique stored value, can be used like any other credit and debit card and issued by any bank. The idea has been bagged from existing services connecting transport in Singapore and London. In London they have oyster card provides seamless connectivity for payments while traveling in public transport such as London Underground, London buses, London Overground.
The card is supported by indigenously developed Automatic Fare Collection Gate ‘Swagat’ and an Open Loop Automatic Fare collection system ‘Sweekar’ and from now onwards we are no longer required to depend on foreign technology.
With the changing day-to-day life if you compare with late in 2000’s public transport was the only mode if you want to travel out for any purpose unless if you don’t own a vehicle. There were largely no private players and people didn’t use encourage. With the increasing population day by day the current public transport is not sufficient and due to traffic issues there was a transformation and people started using their own vehicles to travel to offices and other places. After the diversification of public transport to other modes by the government and by encouraging digital payments with usage of plastic cards for payment people doesn’t feel reluctant as it is the safest mode for a person to travel, doesn’t consume much time and making of payment is in the smoother way without the use of cash the person who wants to travel it would be comfortable for him in each and every way. Digital payments and cashless transactions would be easier for the public as well for the people who are accepting the payment if it is secure, loopholes and other related constraints are removed completely.
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