Beep card payment system is aggressively expanding to provide better services to the riding public in Manila.
5 million cardholders
Over 5 million beep cards are currently in the market according to the company, and these cards are used to pay for the fare at elevated trains and select transportation, toll fees, as well as for purchases at select retail outlets.
The beep system was recently introduced in Mindanao via Husky Tours, which operates a fleet of buses between General Santos and Cotabato.
Beep Card go Retail
For retail, Beep is now accepted at Auntie Anne’s, Wendy’s, Binalot, Worship Generation and retail kiosks in train stations like Siomai House and Mr. Donut.
In a bid to develop cashless communities, Beep card also collaborated with Property Company of Friends to offer beep-enabled resident identification cards for access to transportation to and from and within its master-planned communities in Cavite and entry to their key facilities.
St. Jude Catholic School also became the first beep-integrated educational institution with beep-enabled ID cards that allow their students to purchase cash-free from merchants inside the campus and avail of student discounts when they ride public buses and PUVs with beep acceptance.
Plenty Room for other AFC operators
In the Philippines, the population is 108 million spread over 17 provinces, 145 cities, and 1489 municipalities. There is a big room for more automatic fare collection (AFC) operators.
Beep card has invested over 300 million pesos initially which is a big investment.
AFC operator is a cash-rich, profitable and low investment business if the focus and the financial model is right.
To learn more, visit autofare.net