StockWatch
·
2/3 Wheelers
Business Update13 Aug 2026, 06:44 pm

EbixCash & MSRTC Transit Payments Exceed 1 Crore Registrations

AI Summary

Ebix Limited, through its payments arm EbixCash, has achieved a significant milestone in its partnership with the Maharashtra State Road Transport Corporation (MSRTC). Their National Common Mobility Card (NCMC) program has surpassed 1 crore card registrations and nearly 66 lakhs activated cards as of August 12, 2026. This contactless payment solution, built on the Indian government's NCMC framework, allows MSRTC commuters to make cashless payments for travel, promoting interoperability across public transport systems. EbixCash provides the technology and payment infrastructure for card issuance, activation, top-ups, and transaction processing, reinforcing its position in India's digital payments and smart mobility ecosystem.

Key Highlights

  • EbixCash and MSRTC's NCMC partnership reaches 1 crore card registrations.
  • Contactless transit payments are scaling across Maharashtra's public transport.
  • NCMC card offers interoperable, cashless payment solutions for commuters.
  • EbixCash provides technology and payment infrastructure for the program.