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State Bank of India (SBI) introduced ‘Nation First Transit Card’

Published on September 11, 2023
Current Context: The Nation First Transit Card is a new initiative by SBI to enable digital fare payment through a single card across various modes of transportation in India.
State Bank of India (SBI) introduced ‘Nation First Transit Card’
  • It is based on the RuPay NCMC Prepaid Card and the National Common Mobility Card (NCMC) technology, which are designed to simplify payment processes for commuters.
  • The card can also be used for making retail and e-commerce payments, adding versatility to its use.
  • The card was launched during the Global Fintech Fest 2023 by SBI Chairman Dinesh Kumar Khara.The Nation First Transit Card is a step towards the national vision of “One Nation One Card”.
  • SBI has already implemented NCMC based ticketing solutions in several metro cities such as Noida, Nagpur, Mumbai, Kanpur and Chennai. 

Question:

Q.1 Who launched the Nation First Transit Card during the Global Fintech Fest 2023?
a. SBI Chairman Dinesh Kumar Khara

b. SBI Managing Director Ashwani Bhatia
c. SBI Chief General Manager Rajnish Kumar
d. SBI Deputy Managing Director Prashant Kumar
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