Customers shall be issued contactless tags which would serve as reloadable prepaid e-purses for payments at the NPCI cafeteria and various merchants in the IIT Bombay campus.

This card will provides both merchants and coustomer a fast and easy transaction mechanism.

1. An auto driven systematic procedure for payment
2. Employees/Students no need to stay in a long queue
3. Reduce the payment consuming time
4. It would be cost effective.
5. Employees/Students no longer have to fumble with cash and change—they can place their contactless payment device (Tags) in close proximity of a reader to pay quickly and conveniently.
6. Merchant can save on the operational and cash handling costs
7. Easy to use, payment and authentication is also real time.