DELHI (Metro Rail News): National Capital Region Transport Corporation Limited (NCRTC) has awarded Paytm Payments Bank Ltd. the 82.15 km Delhi – Meerut RRTS Line‘s Automated Fare Collection (AFC) system (Package 26B) in March. Paytm will be the financial partner for this RRTS Line. The RRTS will allow QR Code based ticketing (digital QR & paper QR) and EVM (Europay, Mastercard, Visa) open-loop contactless card ticketing based on NCMC (National Common Mobility Card) standards via a contactless bank card, phone or smartcard.
The passengers will have the option to use QR code tickets which can be bought at each station’s ticket vending machines, ticketing booth or generated digitally on NCRTC’s mobile app or website. Business Class riders have to validate twice which means once at the concourse level and the second on the platform level for access to the executive lounge for boarding the trains’ Business Class coach.
The tenders for this package were invited in October 2021 by NCRTC under the Hybrid Annuity Model (HAM) which is the first of its kind for AFCs in India where NCRTC has appointed a systems integrator (Package 26A) and financial institution (Package 26B) to issue and receive services.
Technical bids for package 26B were opened in January 2022 in which only 2 bidders were present that are Paytm Payments Bank and State Bank of India (SBI). Paytm presented a premium of 0.06% below the Merchant Discount Rate (MDR) charge and other charges making them the winner.
The scope of this package is the selection of Financial Institution (FI) for Issuance of Open Loop National Common Mobility Card (NCMC) And Acquiring Services for Delhi-Ghaziabad-Meerut RRTS Corridor Of NCRTC. Paytm will work with Datamatics Global Services – AEP Ticketing Solutions (DM-AEP-26A JV) – the winner of the AFC contract’s systems work (Package 26A).
