Q. Which Indian bank has launched India's first open loop EMV contactless metro card "Kochi 1"?
Answer: Axis Bank
Notes: Axis Bank has launched India's first open loop EMV contactless metro card "KMRL Axis Bank ‘Kochi1’ Card" in association with Kochi Metro Rail Corporation (KMRL) to make travel a convenient and hassle free experience for commuters in Kochi. Axis Bank has partnered with National Payments Corporation of India (NPCI) in developing this transit EMV contactless specification on interoperable open standards. The prepaid card has integrated benefits and offers a plethora of services to commuters such as instant issuance of personalized cards, convenience of recharge, hassle free shopping experience, etc.
