JOIN USNow, it's one card for all in Andhra Pradesh
Is your wallet bulging with multiple plastic cards? Do you feel it burdensome to carry a wide range of smart cards like debit card, credit card, PAN card and driving licence?
For all those who feel hassled to carry multiple plastic cards, a technological solution is in the offing.
Onecard Techno Services India, a Hyderabad-based information technology company, has come up with an integrated smart card that merges the images of a wide range of cards into a single card. It will obliterate the need to carry multiple plastic cards.
Being promoted as “One Nation, One Card” project, it will have digitally embedded information and the users can carry it as a key-access card that can be used at special access machines like ATMs and swiping machines.
The card holders can have the images of all their plastic cards printed on this special card developed. “Our technology allows integration of all cards on a single card. It will have biometric authentication,” the company’s Managing Director Ch V K S Kumar said.
The company has roped in former Indian cricket captain Saurav Ganguly as the brand ambassador and recently showcased the proof of concept of the technology.
Trial completed
“We have completed trial runs and pilots and will start rolling out the product from December. The President Pranab Mukherjee will officially launch the OneCard in November,” the MD said.
Beginning with credit cards and debit cards, the OneCard would also merge identity card, driving license and PAN card. “The card will incorporate three different technologies--the chip, the magnetic tape and the radio frequency identity card,” Kumar said.
Onecard is investing Rs 50 crore in the first phase and Rs 300 crore in its final roll-out across the country. “Our target is to issue 10 lakh cards by the end of December this year," the company official said. The registration process for members will begin in a couple of days and the product will be officially rolled out in November.
The users will have to pay Rs 500 towards membership for two years and Rs 200 for renewal thereafter. Allaying security related apprehensions, the MD said “Our cards cannot be duplicated or copied and we have the edge over ATM cards".