CARD91 has announced a partnership with Indian Overseas Bank to deploy its comprehensive Payment Processing Infrastructure (PPI) suite.
The agreement includes integration with the RuPay National Common Mobility Card (NCMC) framework, enabling the state-owned lender to expand its digital payment capabilities for transit and retail transactions.
The collaboration allows Indian Overseas Bank to leverage CARD91's technology stack to process payments built on the National Payments Corporation of India's (NPCI) NCMC standard.
This move widens the bank's product portfolio, aligning it with India's broader push toward unified mobility payments across public transport networks.
The deal underscores the growing role of specialized fintech providers in modernizing India's public sector banks.
As the government phases out older wholesale price metrics and refines inflation tracking through new Producer Price Index (PPI) frameworks, financial institutions are simultaneously upgrading their transaction infrastructure to support more granular economic data flows.