Yes Bank has tapped Chalo to launch a contactless travel card, enabling users to make ‘tap to pay’ payments across buses in Indian cities Mangalore and Udupi.
The partnership is part of the bank’s effort to support citizens in dealing with Covid-19 and the subsequent lockdown. In addition, Chalo will offer commuters the first 10,000 cards free, along with a full-recharge offer.
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Ritesh Pai, Chief Digital Officer at Yes Bank, said: “Mobility is a key aspect of public life and by working with partners such as Chalo, Yes Bank is pleased to contribute to the resumption of safe transit services through this contactless and cashless payment solution. As the country gradually resumes normalcy, we are committed to support our fellow citizens through safe and secure digital solutions.”
Yes Bank’s aim is to eliminate the need for commuters to handle cash and paper tickets when travelling.
Mohit Dubey, CEO of Chalo, said: “We are delighted to ink this partnership. Yes Bank is one of the leading digital payments facilitators in India and Chalo is India’s #1 solution provider for city bus travel. Together, we now offer one of India’s strongest travel card products. The card brings the world’s best payments experience to Indian bus passengers, and is an important step towards eventually having cashless buses in India.”
Key features
The key features of the new Yes Bank powered Chalo Card include:
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By GlobalData- Contactless – eliminates cash transactions
- Fast and secure payment authentication to cater to high peak passenger loads
- Ability to service lakhs of micro payments daily
- Works offine – does not require cellular data network
To buy a ticket, the passenger just needs to tap the card on the ticketing machine.
Furthermore, by promoting cashless buses, Yes Bank and Chalo hope to enable cities to return to normalcy post-Covid-19.
