Our mobility card may be better than OysterPay: PayCraft's Ambarish Parekh

'We are implementing a mobile-based QR payment in offline mode in one of our upcoming Metro projects', said Parekh

Set up in 2013, PayCraft enables issuance of payment cards for both off-line small ticket payments in the transit segment, as well as for routine retail purchases and spends. It has been central in creating the interface for the National Common Mobility Card. Ambarish Parekh, the firm’s chief experience officer, spoke to Raghu Mohan. Edited excerpts:

How far are we from having a mobility card like OysterPay of the UK in India?

OysterPay is a closed-loop solution that works only at merchants that have been on-boarded on it. In India, with the advent of the National Common Mobility Card (NCMC), we’ve moved