BSCL to develop cashless platform

In a bid to digitalise financial transactions, Bhubaneswar Smart City Limited (BSCL) will develop a platform - Common Payment System (CPS) - where citizens will make cashless payment for services. CPS

Published: 17th December 2016 01:51 AM  |   Last Updated: 17th December 2016 02:45 AM   |  A+A-

By Express News Service

BHUBANESWAR: In a bid to digitalise financial transactions, Bhubaneswar Smart City Limited (BSCL) will develop a platform - Common Payment System (CPS) - where citizens will make cashless payment for services. CPS is a key initiative under the Smart City proposal’s Intelligent City Operations and Management Centre (ICOMC) which focuses on citizen service payment options across the City including bus and para-transport payments, parking, civic services, utility payments, recreational services and retail transactions and shopping.

BSCL organised pre-tender workshop on CPS here on Friday in which 17 banking organisations, including six public sector banks and mobile banking organisations like PayTM, ITZ Cash, Ezee Pay and Phone Pe participated. The strictures, architecture and modalities of the proposed platform were discussed during the session.

BSCL has invited opinions from different financial institutions along with their technology partners for implementation of CPS in the City and undertaking the operation and maintenance for a period of seven years.

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