Current Affairs - Banking - Discussion
Discussion Forum : Banking - Latest Current Affairs (Q.No. 2094)
2094.
This bank join hands with the Kochi Metro Rail Corporation (KMRL) and Launched India's First Single-Wallet Contactless, Open Loop Metro Card.
Answer: Option
Explanation:
India's third largest private sector bank Axis Bank join hands with Kochi Metro Rail Corporation (KMRL) has launched KMRL Axis Bank 'Kochi1' Card, India's first open loop EMV contactless metro card that would make travel a convenient and hassle free experience for commuters in Kochi. Axis Bank has partnered with National Payments Corporation of India (NPCI) in developing this transit EMV contactless specification on interoperable open standards. The prepaid card has integrated benefits and offers a plethora of services to commuters.
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