Cashfree ties up with Mumbai Metro for digital payments in mass transit

Cashfree ties up with Mumbai Metro for digital payments in mass transit

New Delhi, Dec 16 (UNI) In another initiative towards strengthening digital transactions, Payments and API banking solutions company, Cashfree announced on Thursday that it has tied up with Mumbai Metro One to enable online payment for metro passengers who can now purchase, recharge and avail individual tickets using Cashfree Payments’ QR code, thus promoting increased digitisation of the services, apart from cashless transactions.

The facility is available at all 12 stations on the Mumbai Metro Line 1 allowing passengers to use any UPI app such as WhatsApp, Gpay, Bhim, Phonepe, to scan the Cashfree Payments’ QR code and complete the payment.

The newly-deployed payments system will minimise human touchpoints by reducing check-ins and transit time at the ticket counters, thereby making the Metro journey more seamless and efficient. The QR code feature launched in association with Mumbai Metro One will help create a safe and efficient payments experience for daily commuters while avoiding long queues and a more pleasurable transit. Passengers can now scan our QR code before any automated fare collection (AFC) gate to pay for their journey. For MMOPL, the collaboration is aimed to promote digital payments and add more digital ticketing options and offers another technology solution to commuters. The 11.4 km long Versova-Andheri-Ghatkopar corridor provides connectivity between western and eastern Mumbai. The corridor has reduced the traveling time of Mumbaikars from 90 minutes to 21 minutes.

Cashfree Payments provides full-stack payments solutions enabling businesses in India to collect payments and make payouts via all available methods with simple integration and offers advanced and easy way to integrate payment gateways, a split payment solution for marketplaces, bank account verification API and Auto Collect -- a virtual account solution to match inbound payments to customers. With over 50 per cent market share among payment processors, Cashfree has recently received an SBI investment in Cashfree Payments to support the company’s role in building a robust payments ecosystem.

UNI NMJ ACL1329

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