We hope smart card technology will enable us to provide a wider range of services to our customers in the next few years. Members of the committee included, IIT, a leading academic institution in India, Gemplus, Verifone, Canara Bank, State Bank of India and other key industry players. Gemplus was a key member, sharing its expertise and providing the technology for an electronic-purse pilot organised by the committee at the IIT Mumbai Campus. It is used in countries like Singapore, Belgium, Switzerland, Spain and Portugal to make payments at supermarkets, vending machines, trains and buses and even on the Internet. It is widely supported by all major terminal manufacturers.
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