India’s Navi Mumbai Municipal Corporation (NMMC), held a Smart Banking Connect conference for seeking avenues for smart banking for the citizens. An idea of a smart mobile application and a smart NMMC card for payment of water, electricity, property bills etc from one point was discussed.
Participants included Bank of India, Bank of Maharashtra, SBM, Indus Ind Bank, Axis Bank, ICICI Bank, Yes Bank, Allahabad Bank, Bank of Baroda and Indian Bank.
Members present were enlightened on how Smart City Navi Mumbai can bring about a drastic change in the lives of residents due to improved banking.
The session was followed by the banking fraternity sharing ideas of smart banking for the smart city. Some of them included introducing incentives on e-payment of bills, collection of bills through mobile bank vans, smart gadgets and correspondents that can collect payment of the bills from slum and village areas.
The Smart City Challenge is designed to inspire greater creativity from municipal officials and their partner ecosystem. The challenge invites for a more evolved ‘Citizen-Civic’ engagement, along with an overall development of proposals that will produce concrete benefits in people’s lives.
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