The Roads and Transport Authority of Dubai plans to seek bids from banks for the issuance of a dual credit/transit chip card, an official from the transportation operator tells PaymentsSource.
The authority issues the Nol Card in association with Emirates NBD, a Dubai-based financial company. Consumers use the contactless transit card to pay for road tolls and parking in Dubai.
“We are now looking to launch a combined card that will be the first in the market to have Nol Card functionality,” he says. “Apart from having credit and contactless smart card payment functions, the card will also offer other regular Nol functions such as concessionary fares for students.”
Nol cards come in silver, gold and blue versions that incorporate different functions. The blue card includes concessions for students and senior citizens, for example, while the gold card gives wealthier cardholders access to Metro’s Gold Class seats.
The dual-function card will help expedite the rate of transactions processed, reduce payment errors and provide another way to recharge the card, according to the official.
“We will put out a tender for issuing the new combined credit card to banks following the drawing up of criteria and specifications set for the new card,” he adds.
The Dubai government launched Nol cards in September after Emirates NBD, a Dubai-based financial institution, signed a deal with the Road and Transport Authority of Dubai to issue the contactless payment cards.
The closed-loop fare cards initially were issued during the initial phase of Dubai’s first subway system.