AGS Transact Technologies Limited (BSE: 543451 & NSE: AGSTRA), a prominent payments provider in India, has launched zero-KYC National Common Mobility Cards (NCMC) for the Bengaluru Metro Rail Corporation in partnership with RBL Bank. This initiative enables faster card issuance without full KYC verification, allowing users to load up to INR 2,000 for use across various transport modes, including Metro, buses, and tolls.
Since March 2023, AGS Transact has issued over 57,000 NCMCs for BMRCL, generating revenue through issuance and interchange fees. The zero-KYC NCMC supports the Government of India’s One Card One Nation vision, offering a seamless payment solution across the country.
Mr. Ravi B Goyal, Chairman & MD of AGS Transact Technologies, expressed excitement about enhancing commuter convenience and noted the strong interest in the NCMC due to its easy usage and quick top-ups. Commuters can purchase and top up these cards at Bengaluru Metro ticket counters.