Indian IT and communications minister Kapil Sibal recently said the Department of Post plans to launch a pre-paid smartcard by May 15, according to a report by Business Today.
The White Line plastic cards will be similar to debit cards, allowing users to pay for items at stores, online and using mobile devices. The smartcards will be issued through post offices across India and users can load the cards with approximately $22 to $1,131.
The DoP has partnered with several companies for the smartcard project, including HSBC, ICICI and IDBI. The DoP said the cards can be operated at merchant establishments or ATMs where MasterCard is accepted, the article stated.
" [The DoP] is waiting for approval from the Reserve Bank, and by May 15 it will launch the pre-paid cards," Sibal said regarding the 100-day agenda set in January.
Gymnasiums across India are also utilizing smartcard technology. The plastic cards allow trainers and members to access and modify their everyday workout regimens more easily, according to a report by IndianExpress.com.
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