Contactless RuPay card

Miscalaneous GK (Phase-I) Banking Awareness

Pencilton introduces contactless RuPay card in the form of keychain

Pencilton, a teen-focused fintech startup, has launched PencilKey, a National Common Mobility Card (NCMC) compliant RuPay contactless keychain, in partnership with the National Payments Corporation of India (NPCI) and Transcorp.
Users can activate and manage their PencilKey through the Pencilton app which is also used to load money, check spends, block/unblock the account, set limits, etc.
PencilKey is linked to the PencilCard which is an all-in-one prepaid card, metro card, and bus card. PencilKey is equipped with the benefits of NCMC which works at the Delhi Airport Metro line and Goa’s buses currently.