Google News
Today General Knowledge(GK)
Which Bank to launch campaign with Kochi Metro Rail Limited(KMRL) for its Kochi1 smart card in connection with Onam?
Yes Bank
Axis Bank

Correct Answer : Option (B) - Axis Bank

Axis Bank, which partnered with Kochi Metro Rail Limited (KMRL) in 2016 to enable cashless commute in the metro, has announced offers for Kochi-1 smart card holders in connection with Onam.
The bank has partnered with Amazon Pay to offer discounts on recharges, utility, and bill payments. Campaigns along with KMRL too will be organised to further promote the card among commuters. Cardholders will also get lounge access and discount on bus tickets, Sanjeev Moghe, president and head, cards and payments, Axis Bank, told the media here on Thursday(25th Aug 2022).
A total of 1.30 lakh smart cards have been issued so far, of which 16,000 are being used regularly by metro commuters. 
The introduction of Radio Frequency Identification (RFID) tickets two months ago has helped improve the card’s patronage, he said, and hoped that the daily passenger patronage in the metro would cross the one lakh mark once its Thripunithura extension and Water Metro ferries were commissioned.
The Kochi-1 app has improved its rating to 3.90%, while efforts are on to enter into tie-ups with popular payment gateways so that commuters can purchase tickets through them as well, he added..

Source : The Hindu

Published On : August 28, 2022
Category : Banking