Current Affairs - Banking - Discussion

Mangalore-based Karnataka Bank has launched a new indigenous Rupay debit card- National Common Mobility Debit Card (NCMC) in line with the vision of the Ministry of Housing and Urban Affairs. Equipped as an international Contact-less, it is a debit cum prepaid and inter-operable transport card. Mahabaleshwara M S, Managing Director & CEO of the Bank while inaugurating the pilot launch of the RuPay NCMC card- 'One Nation One Card' said that "this is Bank's first-ever Contactless debit card and is expected to change the banking paradigm to a great extent, especially in retail payments by its unique features of 'Tap & Go' and 'Offline wallet' payments."