One nation One card launch is a historic decision taken by the government of India. Since 2004 the Government was planning to launch it and finally, in 2019 there is an official announcement. Though the distribution process to the common citizens will begin in the early quarter of 2020.
According to the resources NCMC planning to launch some amazing rewards (Like cashback and referral program) to attract citizens of India and encourage them to use it as the primary source of the online transactions.
NCPI (National Payment Corporation of India) was given the mandate to develop the Card & terminal support.
Soon the governing body will announce the benefits and rewards regarding the same. For every transaction made through National Common Mobility Card (NCMC) users will receive cashback directly in their card.
The agency will spend ₹148 crores (US$21 million) to install the necessary technology in it. It’s come as Rupay Debit (Prepaid card) & Visa Debit card which can be used to pay for All public transport systems (bus, Metro, suburban railways), Toll roads, parking, smart city, and retail shopping. It will also work like a Debit card and you can withdraw money from it. Paytm Payment banks will also allot NCMC cards.
Cashback offers will be updated here as soon as the governing body will officially announce it.