Ministry of Urban Development has come out with a Smart National Common Mobility Card, NCMC model to enable seamless travel by different metros and other transport systems across the country, besides retail shopping and purchases. Minister of Urban Development Venkaiah Naidu has approved the 'EMV Open Loop Card with stored value' in this regard. This card meets travel needs based on stored value of money and can be used for traveling by any means of transport and also enables account based retail applications. Accordingly, this card does away with the need for carrying separate cards for banking and transit requirements.<br/><br/>The Urban Development Ministry has decided to task the National Payments Corporation of India with development and management of Clearing and Settlement of payment services.