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PayCraft partners with NSDL Payments Bank & NPCI to launch Corporate Transit Card

Published on December 21, 2023
Current Context: PayCraft, a fintech entity specializing in online and offline payments processing, has partnered with NSDL Payments Bank and the National Payments Corporation of India (NPCI) to launch the One Nation Corporate Card.
PayCraft partners with NSDL Payments Bank & NPCI to launch Corporate Transit Card
  • Here are some key details about the card:
    • The card is built on an indigenously developed multi-wallet platform with transit issuance and processing capability.
    • It serves as an employee tax benefit instrument and also comes with a corporate expense management platform for the employer to manage their expenses digitally.
    • The card is designed to function as a national transit card, enabling cardholders to travel throughout India on any public transport that accepts bank-issued cards.
    • It is built on National Common Mobility Card (NCMC) Specifications with offline enabled, these cards aim to advance the Government of India’s vision of One Nation One Card.
    • The card offers a solution for digitizing business expenses for corporates and SMEs across the country.
    • It works on various platforms from merchant POS device to e-commerce payments on any website.

Question:

Q.1 Who are the partners in the launch of the One Nation Corporate Card?
a. PayCraft and NSDL Payments Bank
b. PayCraft, NSDL Payments Bank, and NPCI
c. PayCraft and NPCI
d. NSDL Payments Bank and NPCI

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