Bengaluru, India (Urban Transport News): Cashfree Payments Leading Payment & API Banking Solutions Company (Cashfree) today announced its association with Mumbai Metro One Private Limited (MMOPL) to enable online payments for metro commuters. Mumbai Metro commuters can now purchase, recharge and avail individual tickets using the QR code of Cashfree Payments, thus promoting digitization of services apart from cashless transactions.
Available at all 12 stations on Mumbai Metro Line 1, passengers can use any of the UPI apps like WhatsApp, GPay, BHIM, PhonePe to scan the QR code of Cashfree Payments and complete the payment. The newly deployed payment system will reduce human touch points by reducing check-in and transit times at ticket counters, making metro travel more seamless and efficient.
Riju Dutta, Co-Founder, Cashfree Payments said,
The QR code facility launched in association with Mumbai Metro One will help create a secure and efficient payment experience for daily commuters, while avoiding long queues and a more pleasant transit. Passengers can now scan our QR code before any Automated Fare Collection (AFC) gate to pay for their journey. We look forward to expanding our efficient payment collection services to Mumbai Metro commuters as we continue to build our digital infrastructure and create innovative online payment solutions.
“Keeping customer centricity at the center of our operations, Mumbai Metro One has taken several unique initiatives over the past 8 years. Mumbai Metro One has always promoted digital payments by supporting its initiative “Be Responsible, Stay Safe” during this pandemic. In our quest to promote digital payments and add more digital ticketing options, we are delighted to introduce yet another unique technology solution to our passengers. We are confident that “scan and pay” payments will empower our passengers,” MMOPL said.
The 11.4 km long Versova-Andheri-Ghatkopar corridor provides connectivity between western and eastern Mumbai. The corridor has reduced the travel time of Mumbaikars from 90 minutes to 21 minutes.
With over 50% market share among payment processors, Cashfree is a leader in wholesale delivery with its Cashfree Payments. SBI has recently invested in Cashfree Payments, thus underlining the company’s role in building a robust payments ecosystem. Cashfree works closely with all major banks to build out the core payment and banking infrastructure and integrates its products with major platforms such as Shopify, Wix, Paypal, Amazon Pay, Paytm and Google Pay.