AGS Transact Technologies Limited (AGSTTL), India’s only and one of the leading providers of end-to- end payment solutions, recently ventured into the mobility business to foster smart travel and will be responsible for end-to- end management of Automatic Fare Collection (AFC) system for Kochi Metro that is being inaugurated tomorrow.
By offering an integrated structure of collection, compilation and computing for AFC system, the company aims to provide an efficient and hassle-free experience to the commuter.
AGSTTL’s AFC system is a critical core component of the Kochi Metro system. It includes complex hardware and software installed at entry points of metro stations. This ticketing system uses a combination of Open Loop Smart Cards, Radio Frequency Identification Devices (RFID) and Quick Response Codes (QR Codes) to collect fares from the users minimising the need for cash transactions. This is the first time such an innovative model is being implemented in the country.
“We are delighted to be the technology partners of the ambitious first-of- its kind Kochi Metro Project. At AGSTTL, we believe that technology solutions such as the futuristic Automatic Fare Collection (AFC) System with Open Loop Smart Cards and QR Code tickets will establish a new benchmark for the transit industry and pave the way for smart travel in India”, said Ravi B Goyal, Chairman & Managing Director, AGS Transact Technologies Limited. “By offering an integrated structure of collection, compilation and computing for AFC system, AGSTTL aims to ensure that the commuter has an efficient and hassle-free experience. Kochi Metro will lay the foundation to how future metro and public transportation projects are designed in our country with AFC being the preferred mode of transacting within the entire transportation structure”, he added.
Kochi Metro Rail Limited (KMRL) had earlier signed a public-private partnership (PPP) pact with Axis Bank for the Automated Fare Collection (AFC) system. The bank has partnered with Asis electronik Ve Bilisim Sistemleri, AS, a Turkish company, for the infrastructure and AGS Transact Technologies Limited for the integration and maintenance in the system.
more recommended stories
SBI Announces Festive Bonanza for Retail Customers in Kerala
KOCHI: State Bank of India (SBI),.
K Chittilappilly Foundation Honours the Talents
KOCHI: Kochouseph Chittilappilly, the founder and.
Vodafone Contribute Towards Ona Virunnu for the Underprivileged
THIRUVANANTHAPURAM: Vodafone India Ltd., one of.
Kloudpad Launches New R&D Division in Kochi
CHENNAI: On Wednesday, 23 August, UK-headquartered.
Realigned Indira Gandhi Road Inaugurated
KOCHI: The realigned portion of Indira.
Annual Day Celebrations at Tattwa
KOCHI: Tattwa celebrated its first Annual.
Supporting Young Entrepreneurs Will be Top Priority for the government: CM
KOCHI: The state government will focus.
Start-ups Shouldn’t be Constrained by Place, Product, Service or Funds: IEDC Summit 2017
KOCHI: Some of India’s most successful,.
Sikka Quits Infosys After Murthy Campaign
NEW DELHI: Vishal Sikka, the first.
Renault Kicks off Onam Season Sale
KOCHI: Announcing the grand Onam sale,.