Deals24 Jul 2025, 05:44 pm
Eraaya Lifespaces Leads Digital Transit Shift with %140 Cr MSRTC Deal for India’s First Statewide NCMC Rollout for Concessionaires
AI Summary
Eraaya Lifespaces, through its Indian flagship subsidiary Ebix Technologies, has secured a %140 crore contract with the Maharashtra State Road Transport Corporation (MSRTC) for the first statewide rollout of the National Common Mobility Card (NCMC) for concessionaires in India. This project is expected to transform public transit with a seamless, unified digital payment system, aligning with the Government of India’s ‘One Nation One Card’ vision.
Key Highlights
- Ebix Technologies has facilitated the issuance of approximately 220 crore passenger tickets in the past two years.
- The NCMC program expands the partnership with a focus on smart, interoperable payments for millions of daily commuters.
- The project includes mandatory adoption of the NCMC smartcard for all concessional passengers and pass holders, with optional availability for regular passengers.
- Expected transaction volumes are set to exceed %2000 crore annually once fully operational.
- This landmark contract underscores Ebix Group’s commitment to pioneering innovation in public transport and digital payments.