Key Quantitative Figures

  • Total NCMC card registrations crossed: 1 crore (100,00,000)
  • Activated cards: Nearly 66 lakhs (66,00,000)
  • Milestone achievement date: August 12, 2026
  • Physical distribution network: Over 650,000 outlets
  • Geographic coverage: 4,000 cities and 75,000 villages across India

Parties Involved

  • Ebix Limited (formerly Eraaya Lifespaces Limited) - Listed entity making the disclosure
  • EbixCash - Digital financial services provider (operating under Ebix Inc. and its global subsidiaries)
  • Maharashtra State Road Transport Corporation (MSRTC) - Government transport corporation
  • Government of India - Framework provider for National Common Mobility Card (NCMC)

Business Details

EbixCash provides the complete technology and payment infrastructure for the NCMC program, including:

  • Card issuance
  • Card activation
  • Top-up facilities
  • Transaction processing

The NCMC card enables MSRTC commuters to make contactless payments for travel as an alternative to cash. The card is built on the Government of India's NCMC framework and supports interoperable payments across participating public transport systems and other eligible acceptance points.

Management Commentary

Mr. Deepak Bhatia, Business Head, EbixCash, stated: "The success of the MSRTC National Common Mobility Card program demonstrates our commitment to building innovative, secure, and scalable payment solutions that simplify everyday commuting. We remain committed to enhancing the customer experience while supporting the Government of India's vision of a unified, interoperable digital mobility ecosystem."

Corporate Background

Ebix Limited is a global holding company of Ebix Inc. and its worldwide subsidiaries. Following a strategic transition in 2024, the company has evolved from lifestyle and hospitality into a diversified, technology-led holding platform with operations across 13 countries serving enterprise and consumer markets worldwide.

Business Segments

1. Technology - Delivers on-demand software, SaaS solutions, and digital exchanges for insurance, reinsurance, financial services, healthcare, risk and compliance

2. Payments - Provides technology-enabled payment solutions and financial transaction platforms

3. Travel - Offers end-to-end travel distribution solutions including booking platforms, payments integration, and digital marketplaces

4. Emerging Businesses - Includes e-learning focused on digital education and training solutions