Subsequently, a suitable institution would be identified by KMRL for the implementation of ‘open loop, smart card’ system. This is expected to be implemented by the time Kochi’s metro is commissioned in December 2016. Once this is rolled out, Kochi would be the first city in the country and may be one among the few cities in the world having an open loop card payment system capable for multi model transport ticketing. KMRL is also a nodal agency for implementation of Unified Metropolitan Transport Authority (UTMA) and creation of Urban Transport Fund.
UMTA-Kochi envisages a common smart card for all payment applications including transport, shopping and all other payment needs. These smart cards could be used on the networks/ticketing terminals as well, the released added.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)