AGS Transact Expands Instant NCMC Card Solution Across Chennai Metro Stations

AGS Transact Technologies Limited, a leading player in omni-channel payment solutions, has announced the expansion of its instant National Common Mobility Card (NCMC) solution, branded as ‘Ongo Ride,’ across all 41 Chennai Metro stations. Building on its initial success at 13 metro stations, this move aims to revolutionize commuter convenience with seamless and instant transit payments.

A Glimpse into ‘Ongo Ride’

‘Ongo Ride’ introduces a game-changing experience by allowing commuters to purchase ready-to-use NCMC cards directly from unique dispensers installed at metro stations. The process involves three simple steps:

1. Select Card
2. Pay via UPI
3. Collect Ready-to-Use Card

Priced at Rs 100, each card is preloaded with Rs 50, enabling commuters to immediately start using the service. Additionally, commuters can top up their cards at ticket counters with a maximum fund limit of Rs 2,000.

Benefits of ‘Ongo Ride’: A Pioneer in Instant NCMC Issuance

1. Zero-KYC Transactions: Compliant with RBI guidelines, this hassle-free feature supports immediate issuance and use.
2. Upgrade Option: For enhanced benefits, including in-store and online payments, users can complete full KYC.
3. Rapid Adoption: The instant issuance model encourages faster acceptance of NCMC cards nationwide.

Future Expansion Plans

By December 2024, AGS Transact plans to deploy ‘Ongo Ride’ dispensers across all Chennai Metro stations. The company is also set to replicate this successful model in other metro rail systems across India, advancing digital payment adoption in the transit sector.

About AGS Transact Technologies Limited

Founded in 2002, AGS Transact Technologies is a leading provider of integrated payment solutions in India. The company specializes in digital and cash-based services, including ATM and CRM outsourcing, cash management, and merchant solutions. ‘Ongo,’ launched in 2015, has rapidly grown as a preferred payment platform, offering merchant acquiring and open-loop prepaid solutions for consumers.

Why This Matters

AGS Transact’s initiative aligns with India’s push for a cashless economy, making transit systems more efficient and commuter-friendly. The success of ‘Ongo Ride’ could set a precedent for digital payment adoption in public transportation systems across the country.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.