NEWS & ADVICE : CREDIT CARDS
SBI, City Corp together bring smart cards
By Ankit Sharma
Nov 9, 2010
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City Corporation Limited of Pune and the country's largest lender, State Bank of India have tied up to introduce smart cards of multiple utility to the residents of Amanora. Amanora is the first digital city and fully integrated township set up in India.

A data centre has been introduced there with an initial investment of Rs 70 crore which will aid in technical support of the society.

City Corporation and SBI have signed an agreement in this regard.

The smart card will be a combination of microchip, magnetic strip and RFID antenna.

Aniruddha Deshpande, managing director, City Corporation Limited said, "With our development effort of over three yeaRsalong with leading technology partneRs, we are happy to have reached this stage of developing the fiRst such dedicated and integrated application for residential purposes."

Apart from being used as a debit card, the card will also facilitate bill payment of cable TV, club expenses, shopping at Amanora Town Centre, among otheRs. This card will additionally have health records of the ‘Amanoraâ€TM Citizens in case of an emergency.


 


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