HOME > MARKETS > COMPANY NEWS
  COMPANY NEWS
COMPANY
Indian Overseas Bank signs partnership with Mumbai Metro One
Aug-16-2025

Indian Overseas Bank has signed partnership with Mumbai Metro One for ticketing solutions. Under an initial pact signed between the Indian Overseas Bank and Mumbai Metro One, the Bank will facilitate the issuance of smart cards for regular commuters, along with paper ticket and QR-based ticketing solutions. Mumbai Metro Line 1 connects Varsova-Andheri-Ghatkopar areas of the city. The solution will be fully integrated with Mumbai Metro's ticketing APIs ensuring real time validation and instant confirmation. 

Mumbai Metro Line 1, with average daily ridership of 4,50,000 commuters and more than 3 lakh transactions in a day plays a vital role in easing congestion across the city. The partnership is expected to further enhance commuter convenience while promoting digital payment adoption in public transport.

Indian Overseas Bank is a pioneer in many fields - Banking, Insurance and Industry with the twin objectives of specialising in foreign exchange business and overseas banking.

  RELATED NEWS >>