Mobile payment all set to power metro rail ticketing. NFC coupled with mobile money most suited for reducing queus.Cashless transactions are passé; we are fast approaching an era of card-less transactions. Mobile phones enabled with near-field communication technology (NFC) are touted to be the next big hassle-free payment option. However, ticketing would trigger the adoption of NFC as opposed to retail payments.
NFC uses a radio frequency identification technology that establishes communication between devices by touching them together or bringing them into close proximity, usually no more than a few centimetres. Present and anticipated applications include contact-less transactions, data exchange, and simplified setup of more complex communications such as Wi-Fi. Communication is also possible between an NFC device and an “unpowered” NFC chip called a "tag".
“Most Metro Rail projects in the country are discussing the possibility of an NFC-based solution for ticketing with us. There is a strong intention on their part to deploy the solution so as to reduce long queues and the other hassles of getting train tickets.