Bangkok Takes a Major Step Towards Creating a Cashless Society

SYDNEY, July 27 /PRNewswire/ -- Bangkok Smartcard System (BSS) executes contract to implement Vix ERG's MASS clearing house solution.

BSS have secured a major component in developing their vision to direct Bangkok towards a cashless society, announcing Vix ERG as the partner for the design and delivery of a smartcard clearing house solution for micropayments.

The clearing house solution is based upon Vix ERG's highly successful MASS system which has been implemented in 11 cities in 5 countries around the world, most notably in Beijing, China where the system currently processes over 9 million transactions per day. 

"The system will initially provide support for an integrated payments solution for the Bangkok Mass Transit System Company Limited (BTSC) and Bangkok Metro Company Limited (BMCL) transit systems. Over time the system will be extended to provide support for other transit modes and to support micropayments generally in Bangkok" said Mr. Nelson Leung, Executive Director of BSS.

"We are excited to be partnering with BSS on this project, The BSS smart card solution has the potential to positively impact not only transportation but the retail, tourism and service industries within Thailand" said Steve Gallagher, Vix ERG's Chief Executive Officer.

Background:

Bangkok Smartcard System Company Limited (BSS)

BSS is a member of BTS Group Holdings Public Company Limited. Additionally, the company has strong support from Bangkok Metro Public Company Limited (BMCL) and other major financial institutions in Thailand.

Vix ERG

Vix ERG is an Australian-based company and a member of the Vix Technology Group of companies.

The company is a global player in the Automated Fare Collection and Payments industry in transit and delivers solutions ranging from turnkey solutions for small bus operators to large multi-operator, multi-modal solutions supporting large cities or entire countries.

Vix ERG has delivered solutions in over 200 cities or regions in 25 countries around the world including Melbourne, Oslo, Seattle, Stockholm, Salt Lake City, Sydney, Las Vegas, Aberdeen, Bordeaux, Strasbourg, Luxembourg, Brussels and Gothenburg.

Vix ERG has offices and agencies in 15 cities around the world, employing around 600 people.

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SOURCE Vix Technology