Eraaya Lifespaces has announced that its flagship Indian subsidiary, Ebix Technologies Limited (formerly EbixCash Limited), has secured a Rs 1.4 billion contract with the Maharashtra State Road Transport Corporation (MSRTC) for the state-wide rollout of the National Common Mobility Card (NCMC) for concessionaires. This landmark initiative aligns with the Government of India’s ‘One Nation One Card’ vision, aiming to establish a seamless and unified digital payment system for public transport.

Ebix Technologies had previously been awarded a contract on 30 November 2022 to supply and maintain 38,622 Android-based Electronic Ticketing Machines (ETMs), which have issued around 22 billion tickets over two years across MSRTC’s 16,000-strong bus fleet, serving over 1.3 billion passengers monthly.

The newly signed contract expands this partnership by introducing interoperable smartcard payments, enabling passengers to travel using a single card across various transport modes. Spearheaded by the National Payments Corporation of India (NPCI) in collaboration with the Ministry of Housing and Urban Affairs, the NCMC project represents a transformative step in India’s mobility infrastructure.

Key features of the project include:

• Mandatory adoption of NCMC smartcards for all concessional MSRTC passengers, with optional availability for regular users.
• A guaranteed sale of 7 million cards in the first year, scaling to over 20 million cards via 3,000 retail outlets set up by Ebix Technologies.
• Multiple top-up options—physical outlets, web portals, and mobile apps—to maximise convenience.
• Aadhaar-based and Saral API authentication to verify over 50 passenger categories and ensure effective targeting of subsidies.
• Projected annual transaction volume of over Rs 20 billion, significantly enhancing MSRTC’s digital revenue ecosystem.

Ebix stated that the rollout will revolutionise public commuting in Maharashtra, offering a scalable and replicable model for other states. The partnership also underscores Eraaya Lifespaces’ and Ebix’s commitment to delivering innovative, technology-led public transport solutions while advancing the national agenda of digital inclusion and transparency.

This development marks a pivotal chapter in Ebix Technologies' growth under Eraaya's leadership, setting the stage for further strategic contracts and strengthening its position in India’s evolving digital mobility landscape.