The card will obviate the difficulties faced by personnel onboard in handling physical cash during deployment of the ship at high seas, the bank said in a release.
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The infrastructure at naval ships inhibits traditional payment solutions particularly when the ship is in high seas where there is no connectivity.
NAV-eCash card, with its dual-chip technology, will facilitate both online as well as offline transactions, the release said.
The bank’s Managing Director (retail and digital banking) C S Setty said the concept will be replicated at other naval ships and various defence establishments for creating a secured, convenient and sustainable payment ecosystem.