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Pencilton Launches PencilKey Contactless RuPay Card

Category : Business and economics
Published on: April 30 2022 Share on facebook

  • 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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