India Moves Toward NFC-Powered Rail Ticketing

By  |  August 13, 2012
 | 

Metro rails in India are considering a mass scale adoption of NFC technology in an automatic fare collection system, according to mydigitalfc.com. The news source reports that Chennai Metro Rail Ltd has invited bids from banks to participate in enabling cashless transactions when it is introduced. Also, the Delhi Metro Rail project is said to have started its own NFC-based ticketing systems that would eliminate long lines, the news source reports. With the price of NFC enabled handsets at around Rs. 10,000 (approx. $200), there still remain doubts as to wide scale adoption. However, according to D. Shivakumar, Senior VP of Sales at Nokia (India, West Asia and Africa), as prices of phones come down, the applications of NFC would be part of day-to-day transactions.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Advertisement: Scroll to Continue

    Click here for the full story.


    See More In: