Pencilton Launches PencilKey Contactless RuPay Card

Pencilton Launches PencilKey Contactless RuPay Card

Daily Current Affairs / Pencilton Launches PencilKey Contactless RuPay Card

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Category : Business and economics Published on: April 30 2022

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Pencilton, a teen-focused fintech startup, has launched PencilKey, a National Common Mobility Card (NCMC) compliant RuPay contactless keychain, in partnership with National Payments Corporation of India (NPCI) and Transcorp.
Users can activate and manage their PencilKey through the Pencilton app which is also used to load money, check spends, block/unblock the account, set limits, etc.
PencilKey is linked to the PencilCard which is an all-in-one prepaid card, metro card, and bus card.
PencilKey is equipped with the benefits of NCMC which works at the Delhi Airport Metro line and Goa’s buses currently.
It is also scheduled to be accepted for metro travel in Pune, Chennai & Mumbai as well as in BEST buses in Mumbai.

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