YES Bank, Gujarat Roadways join hands to digitise bus travel payments

Posted on:25 Nov 2016 09:37:32
YES Bank, Gujarat Roadways join hands to digitise bus travel payments
25 November 2016 Current Affairs: YES Bank, the fifth largest private sector bank, on Thursday announced a partnership with Gujarat State Road Transport Corporation (GSRTC) to digitise payment of bus tickets for its customers.

For this the bank will install over 125 points of sale (PoS) terminals to facilitate booking through credit and debit cards at all GSRTC bus depots. The bank is already live with 50 terminals and will set up the remaining in the next couple of weeks as part of the first phase of implementation.

The initiative will cover all municipal corporation locations and multiple cities including Ahmedabad, Rajkot, Vadodara and towns including Bhuj, Dahod, Palanpur and Valsad.

The installation of these terminals will support the ‘less-cash’ economy envisaged by the Centre and enhance convenience for bus passengers. Over 50 per cent of cash transactions are expected to shift to card transactions, thereby reducing cash usage.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs September 2017

22 SEPTEMBER
NEWS
21 SEPTEMBER
NEWS
20 SEPTEMBER
NEWS
19 SEPTEMBER
NEWS

Current Affairs August 2017

31 AUGUST
NEWS
30 AUGUST
NEWS
29 AUGUST
NEWS
28 AUGUST
NEWS

Current Affairs July 2017

31 JULY
NEWS
29 JULY
NEWS
28 JULY
NEWS
27 JULY
NEWS