Mumbai Metro goes cashless post demonetisation
In order to counter the current cash crunch post-demonetisation, Mumbai Metro here on Wednesday said it will issue single and return journey token in real-time cashless transactions
In order to counter the current cash crunch post-demonetisation, Mumbai Metro here on Wednesday said it will issue single and return journey token in real-time cashless transactions.
For this, Mumbai Metro One Pvt Ltd (MMOPL) has tied up with Paytm, a leading mobile wallet through which commuters can buy tickets.
Communters can install and recharge the Paytm app on their mobiles, switch it on, scan the QR code for identying Mumbai Metro as the payee, and pay the correct amount of fare.
A unique transaction ID will be displayed on the Paytm app and the mobile phone with the ticketing officer at the counter will receive a SMS with the same transaction ID.
After confirming the match, the ticketing officer will issue the token for the journey, completing the real-time cashless transaction in just a few seconds, said MMOPL spokesperson.
"Mobile cashless transactions are the future and we are pioneering the issuance of single and return journey tokens through it, making it convenient for the commuters," the spokesperson said.
The same app would help cover other products like store-value pass with the same procedure, and help the commuter to hop on to a Metro train to his/her destination.
MMOPL, promoted by Reliance Infrastructure, is Mumbai's first Metro railway running 11.5 km between Versova-Andheri-Ghatkopar in east-west corridor.
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