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Mumbai Metro goes cashless; Ties up with Paytm
Amid the cash crunch situation due to demonetisation of Rs. 500 and Rs. 1000 currency notes, commuters are the one who have been effected largely. But, to ease the problem of cash crunch The Mumbai Metro One Pvt Ltd (MMOPL), which operates the Versova-Andheri-Ghatkopar Metro has collaborated with mobile wallet, Paytm in order to provide hassle-free journey to its commuters.

People can now use the mobile wallet at the ticket lines at 12 Metro stations without worrying about the cash. Cashless journeys were only possible on Mumbai Metro One's Store Value Pass (SVP) but now with the tie-up with Paytm, it has been extended to single and return journey tokens.

The commuters just need to install and recharge the Paytm app on mobile, switch it on, and scan the QR code displayed prominently at a designated ticketing window at each station. A unique transaction ID will immediately appear on the commuter's Paytm app. Simultaneously, the mobile phone in possession of the ticketing officer manning the window will also receive an SMS with the same transaction ID number.

An MMOPL spokesperson said, "All that commuters now need to do is to install and recharge the PayTm app on their mobile, switch it on and scan the QR code displayed prominently, at a designated window at each station. It will identify the payee as Mumbai Metro. Commuters can then pay the right amount."

The ticketing officer will cross-check the transaction ID on his and the commuter's phone and then issue the token. The process takes barely a few seconds, making it a real-time cashless transaction.

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