NAV-eCash Card: Onboard INS Vikramaditya, India’s largest naval aircraft carrier, the Indian Navy and State Bank of India (SBI) unveiled SBI’s NAV-eCash Card. Vice Admiral R. Harikumar, Flag Officer Commanding-in-Chief of the Western Naval Command, as well as C. S. Setty, Managing Director (Retail & Digital Banking) of SBI, were present during the card’s debut. Read on to learn more about this unique card.
NAV-eCash Card: What is it?
Because of the unique design of navy ships, traditional payment methods are difficult to use, especially when the ship is at sea and there is no internet. Together with Navy officials, SBI came up with the concept for such a card, which complies with their requirements for a hassle-free time aboard.
How does it work?
The remarkable infrastructure found on navy ships poses a unique difficulty for conventional payment systems, especially when these ships are cruising the high seas and are disconnected from dependable internet. But the ground-breaking NAV-eCash Card, which features dual-chip technology, is ready to transform how people conduct business in this setting. The Indian Navy has a crucial need that is being met by this card, which is made to permit online and offline transactions effortlessly.
Officials from the Indian Navy and the State Bank of India (SBI) worked together to develop the idea for the NAV-eCash Card. This innovative card has been painstakingly created to meet the unique requirements of the Navy, guaranteeing that its troops have a smooth and effective onboard experience.
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