The card is built on an indigenously developed multi-wallet platform with transit issuance and processing capability.
The USP of the One Nation Corporate Card is its ability to function as a national transit Card, enabling cardholders to travel throughout India on any public transport that accepts bank-issued cards. Built on National Common Mobility Card (NCMC) Specifications with offline enabled, these cards aims to advance the Government of India’s vision of One Nation One Card. This Card also offers a solution for digitising business expenses for corporates and SMEs across the country.
This card works as a one-stop end-to-end payment solution specially designed for corporates and SMEs to make their business travel, small value payments/disbursements, branch expenses etc. simpler and faster. It works on various platforms from merchant POS device to e-commerce payments on any website.
The card is also beneficial to corporate employees as it can be used as day-to-day Transit Travel Card (in Metro, Buses, and other modes of public transport wherever NCMC Card is accepted), Tax Benefit Card and Business Travel Card.
Ambarish Parekh CEO of PayCraft said in a statement, “The One Nation Corporate Card will be offered to the Indian Customers Pan India from June end. We aim to service a million customers both corporates and SME employees pan India within 24 months of our launch.”
