Delhi Metro in association with a private bank Wednesday launched a travel card with an "auto" top-up facility that will provide "hassle-free" travel to commuters.
In a first-of-its kind, ICICI Bank joined hands with Delhi Metro to launch the "Unifare Card" that combines the benefits of a debit/credit card, along with a Delhi Metro Smart Card and has the added facility of auto top-up of fare balance.
For the purpose, the card has a "transit chip" embedded along with the debit/credit card chip.
"The unique auto top-up facility on the card automatically recharges the amount on the transit chip when the balance drops below a certain specified threshold limit," a statement said.
"The customers will only have to swipe the card at the station instead of waiting in queues," it added.
The aim to issue 100,000 cards by March 2015.
"We aim to provide hassle-free travel to our commuters and seamless payment options are an integral part of that proposition," said Delhi Metro managing director Mangu Singh.
ICICI bank officials said the new card will change the way "transit payments of the future are made in the country".
The bank has also tied up with Metro rail operators to launch similar cards in Mumbai, Hyderabad and Bangalore.
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
