https://jaydeepmitra.com/

Paycraft | Amtron: Paycraft partners with AMTRON to implement NCMC ticketing, payment solutions globally


Paycraft has partnered with Assam Electronics Development Corporation Ltd to develop and implement an integrated ticketing, payment and ITMS solutions in India and across the globe. In its first phase the strategic partnership will focus on digitizing small ticket payments in the bus transit sector in Indian sub-continent and Africa continent on Open Loop Payment Technologies.

The focus will be in line with implementing Prime Minister Narendra Modi‘s vision of One Nation One Card and will be built on National Common Mobility Card (NCMC) specifications of NPCI.

The partnership will focus on building an Indigenously developed tailor made for India Electronic Ticketing Machine (ETM) for deployment in buses and will address concerns of public transport operators keeping in mind the Indian conditions and dynamics. It will be a first ‘Make in India’ device for the transit sector.

Around 70 million people travel daily in buses in India and more than 2 million buses operate on Indian roads daily. Loose cash has always been an issue for both the traveller and the bus conductor. Indian customer loses millions every day due to this problem. The cash handling cost for the bus authorities will also be reduced drastically.

Paycraft and AMTRON aim to this problem and come up with an indigenously developed effective turnkey solution under the ‘Make in India’ vision of the government.

In a statement, S Sundar, Managing Director, IFS said, “Our partnership will help in creation of new products and services that will not only allow for digitization of existing solutions at a very large scale but also allow for world class technology implementation. This will reduce the operation cost, human error, increase automation and productivity, reduce dependency on cash and create an accountable and transparent system. This is a very important project, as the Govt of Assam will have a proper visibility and accountability to work.

Ambarish Parekh, CEO, PayCraft, stated, “AMTRON’s capabilities in manufacturing and partnerships with proven execution capabilities are valuable to us. Recently PayCraft has launched its automated fare collection system project for Pune Metro. With the breakthrough across bus ticketing, we will create intelligent hassle-free ticketing solution that will help more than 70 million passengers to travel seamlessly across India.”

ETRise MSME Day 2022 Mega Conclave with Industry Leaders. Watch Now.



Source link

Spread the word!

Leave a Comment

Your email address will not be published. Required fields are marked *

back to top