PhonePe Introduces RuPay 'On-The-Go' NCMC Card for Transit Payments
The card supports the Government of India's 'One Nation One Card' vision, enabling contactless payments for metros, buses, tolls, and parking.
This initiative aims to provide a single, seamless payment method for commuters across different transport systems in India.
PhonePe becomes one of the major fintech players to issue physical NCMC cards to enhance digital mobility solutions.
Exam Perspective: Interoperability in payment systems like NCMC is a critical step toward achieving a truly digital and cashless economy for daily needs.
Key Facts / Static GK
PhonePe HQ: Bengaluru, Karnataka
NCMC Full Form: National Common Mobility Card
Practice Quiz — 12 March 2026
Q1. Who announced the formation of the high-level expert group to design the technology roadmap for India's securities market ecosystem?
Q2. According to the updated RBI guidelines on Counterparty Credit Risk (CCR), what is the prescribed risk weight for trade exposures to Qualifying Central Counterparties (QCCPs)?
Q3. What is the specific cancer care coverage amount provided to account holders of the 'bob Women Sapphire' Savings Account?
Q4. Which of the following statements is true regarding the restructuring of the Jal Jeevan Mission?
Q5. Which airport in Tamil Nadu was recently designated as an 'International Airport' by the Union Cabinet?
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