The Reliance Infrastructure Ltd.'s Mumbai Metro One on Monday launched a 2-in-1 travel card in collaboration with TMW Fintech Pvt. Ltd. and the Federal Bank, an official said here.
The smart card, to be powered by MasterCard, will enable commuters to enjoy a hassle-free travel by Mumbai Metro besides availing of hybrid banking services.
The TMW Metro Card can be used as a Metro Smart Card to travel and reload as and when required, and also at any MasterCard location as a prepaid bank card after activation.
The commuters can access all the services they enjoy from a bank with the convenience of a prepaid wallet and its multiples features would help them plan and manage their routine finances smartly.
The Mumbai Metro One has a daily week-day ridership of around 450,000 and passengers use a closed loop card either as a Store Value Pass or Monthly Trip Pass.
The TMW Metro Cards are available at all Mumbai Metro customer care counters with one-time payment of Rs 50 of which Rs 30 will be credited in the customers' accounts after activation, said the spokesperson.
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--IANS
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