EFI-Francisco Electric Jeepney to Utilize MYEG PH Automated Fare Collection System
Elmer Francisco Industries (EFI) (formerly Francisco Motor Corporation) signed a joint-venture agreement with technology service provider I-Pay MYEG Philippines Inc. (MYEG Philippines) to provide its Automated Fare Collection System (AFCS) designed for the Francisco Passenger Jeepney (FPJ) electric jeepney.
The integrated ticketing system will utilize multi-payment platforms that allow instant payment for jeepney passengers through e-wallet, NFC cards and QR payment methods.
The AFCS holds all solutions to automate and go seamless in the collection of fare payments. The real-time AFC System focuses on helping operators to increase efficiency and reduce operating costs. Embedding the AFCS technology into the PUVMP project largely benefits operators by ensuring daily collection for them and enabling financial institution to have a facility to collect amortization on their behalf.