Sunday, October 12, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Projects

OT-Axis partnership

Fiinews by Fiinews
July 28, 2016
in Projects
Reading Time: 2 mins read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

OT-Axis partnership

Axis Bank2

OT (Oberthur Technologies), a leading global provider of embedded security software products and services, has formed partnership with Axis Bank, India’s third largest private bank to offer the first open loop EMV contactless smart cards to be used in public transportation in Bengaluru, the third most populous city of India.

Axis Bank is the first bank to launch open loop smart cards in India to be used in public transportation, allowing end-users to use them to tap and pay instead of buying a ticket each time they use transportation in Bengaluru.

A new chapter of digital payment is being written with EMV contactless smart cards based on RuPay, the Indian domestic card scheme conceived and launched by the National Payments Corporation of India.

In this framework, OT provides the contactless EMV smart cards. The cards have multiple service compartments to accommodate many retail/transit/toll/parking chains enabling user convenience to have one single card for various payment needs. In addition, they are interoperable across different transport systems in the country.

UTI FUND

“We are delighted to partner with Axis Bank who took the lead to launch the first RuPay open loop EMV contactless smart card. Thanks to our collaboration with Axis Bank, this new payment platform will enable millions of end-users to enjoy convenience of payment in public transportation. It could change the future of payments in the country and OT is thrilled to be part of this technological success” said Eric Duforest, Managing Director of the Financial Services Institutions at OT.

OT is a world leader in embedded digital security that protects you when you connect, authenticate or pay. fii-news.com

Tags: Axis Bank
ShareTweetShare

Related Posts

MEA
Projects

Project: India works on nature-positive development

by Fiinews
October 12, 2025
0
11

Smart Cities blend financing with local planning Minister of State for Environment, Forest and Climate Change, Kirti Vardhan Singh, has...

PIB
Projects

Project: MedTech gets Rs.5,000cr PRIP support

by Fiinews
October 12, 2025
0
11

Agrawal says medical device facilities expanding A soon-to-be launched Rs.5,000 crore Promotion of Research and Innovation in Pharma MedTech Sector...

AIBC

Project: India-Australia reposition defence ties

October 12, 2025
11
PIB

Project: 3 defence pact signed India-Australia

October 11, 2025
13
Praj Industries

Project: Praj decarbonises ethanol plant in Keyes

October 9, 2025
17
PIB

Project: Govt moves on carbon neutrality

October 9, 2025
15
SBI YONO
Sabit

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Market: BPCL-RMBL to boost CGD-CNG in India
  • Tech: Alliances commit to shape future of 6G
  • Project: India works on nature-positive development
  • Tech: PM meets Qualcomm-Anthropic CEOs
  • Project: MedTech gets Rs.5,000cr PRIP support

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.