Odisha select ICICI Bank for implementation of Common Payment Card System in the city of Bhubaneswar

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Bhubaneswar: Government of Odisha, on Monday, the 4th of September 2017, approved selection of ICICI Bank as the successful financial institution for implementation of Common Payment Card System in the city of Bhubaneswar. ICICI Bank, as the implementing agency will be making an investment of approximately Rs. 20 Crores for the city wide implementation of the system.

The Common Payment Card System (CPCS) is one of the modules forming part of the Pan City Smart Solutions in the Smart City Proposal of Bhubaneswar. Under this module, it is proposed to implement an interoperable and integrated electronic payment ecosystem for citizens, visitors and businesses in the city by making common smart card and mobile wallet based payment system accessible to the users on 24X7 basis. It shall enable access to single electronic payment instrument to all strata’s of society and from every corner of the city.

This system shall facilitate all citizen service payments across the City including bus and para-transit payments, parking payments, municipal service payments, utility payments, etc. through an Open-loop based fare card and mobile applications apart from other payment modes approved by Reserve Bank of India. As part of the project, the bank will design and make available at least 5 lakh smart cards under this system. The citizens, visitors and other users will be able to buy the card through payment of a minimum top up of Rs. 200/- per card. A one-time fee of Rs. 50/- per card shall be retained by the Bank as cost towards the card.

Further with an aim to create doorstep delivery of payment services, the implementation also comprises of installation of 325 Point of Sale (POS) machines, at government premises and in partnership with private entities, retailers & other merchants at a grid of 500m in the city.The solution has been designed based on Rupay Specifications which shall be efficient and cost effective for the citizens and the merchants (government as well as private) availing the facility of Common Payment Card System.

The system shall also: – a) Conform to national recommended standard – National Common Mobility Card (NCMC)b) Offer inherent interoperabilityc) Be based on common banking system and regulationsd) Provide higher availability and accessibility of servicese) Enable universal usage – ecommerce, retail points and othersf) Aid financial inclusion initiativeg) Aid Digital India Initiativeh) Result in lower technology and regulatory cost to implementing  agencyIn-order to meet diverse need of citizens and application, following payment media types have been included as part of the project: – a) Open loop EMV/RuPay with Contactless Smartcardsb) Unstructured Supplementary Service Data (USSD)c) Aadhar Enabled Payment System (AEPS)d) Unified Payment Interface (UPI)e) Physical Point of Sale (POS)f) Mobile Wallet integrated with pre-paid accountg) Internet Bankingh) Mobile Bankingi) Micro ATMsj) QR Code based transactionsk) Mobile application based ticketing using QR code and NFC in future

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