And Indian Navy launched on monday State Bank Of India‘s nav-ecash Card onboard the country’s largest naval aircraft carrier INS Vikramaditya. The bank said in a release that the card will address the difficulties faced by the personnel in handling physical cash during the ship’s deployment at sea.

Naval ships’ infrastructure precludes traditional payment solutions, especially when the ship is in the high seas with no connectivity.

The NAV-eCash card, with its dual chip technology, will facilitate both online and offline transactions, the release said.

Bank Managing Director (Retail & Digital Banking) CS Setty This concept will be replicated in other naval ships and various defense establishments to create a secure, convenient and sustainable payment ecosystem.

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