Cashfree Payments, Mumbai Metro tie up to enable online payment for commuters

Cashfree Payments has announced its partnership with Mumbai Metro One Private Limited (MMOPL) to enable online payment for the Metro commuters. 

The B2B payment solutions provider, on November 17 this year, rolled out card-on-file tokenization solution called Token Vault to help merchants save tokenized cards instead of actual card details for payment.  

Read more: Cashfree launches tokenization solution for merchants 

Passengers boarding the Mumbai Metro will now be able to purchase, recharge and avail individual tickets using the Cashfree’s QR code. The facility has been made available at all the 12 Metro stations on the Versova-Andheri-Ghatkopar line.  

Cashfree claims that the newly-deployed payments system will reduce the check-ins and transit time at the ticket counters.   

“Passengers can now scan our QR code before any automated fare collection (AFC) gate to pay for their journey. We look forward to extending our efficient payments collection services to the Mumbai Metro passengers as we continue to build our digital infrastructure and create innovative online payment solutions,” said Reeju Datta, Co-Founder of Cashfree. 

The State Bank of India, on June 7 this year, announced investment into Cashfree for an undisclosed sum, to bolster its digital portfolio. 

Read more: Digital payments platform Cashfree raises capital from SBI