Smart Card Lobby

The Smart Card group comprising of representatives of ICICI Bank, United Western Bank, Vijaya Bank and UTI Bank along with other specialists in the field is to lobby for a conducive climate to enhance use of electronic payments through smart cards. The focus group is to:

*overcome bottlenecks on infrastructure, capital costs and regulatory issues;

*bringing down the costs of creating infrastructure and transaction costs;

*work with utilities such as electricity, telecom and petroleum companies to get eCash as an official payment instrument. Work closely with the Reserve Bank of India to have SMART standards for eCash usage in India. - BL Research Bureau