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Business Standard
7 days ago
- Business
- Business Standard
Aurionpro Solutions edges higher after securing contract for AFC system in Egypt
Aurionpro Solutions added 3.31% to Rs 1377.05 after the company announced that it has won a contract for implementing its automated fare collection (AFC) system for the public transport system in Egypt. The project will be executed by Aurionpro Transit Pte Ltd, the companys dedicated mobility arm, in collaboration with MasterCard. As part of this engagement, Aurionpro Transit will lead the end-to-end technology rollout of the automated fare collection system, which is set to transform Egypts rapidly evolving public transport sector. The scope of the project includes the deployment of advanced validators and mobile data terminals (MDTs), along with a comprehensive open-loop software solution. This solution will be fully integrated with Mastercard Payment Gateway Services, enabling secured, seamless, and contactless fare payments across the network. This initiative is the result of a tri-party agreement between Mastercard, the National Bank of Egypt, and Mwasalat Misr Group, a leading operator in Egypts mass transit ecosystem. The agreement aims to digitize ticketing payments for the Mwasalat Misr Groups mass transit fleetempowering commuters to seamlessly book and pay for their journeys using payment cards. Sanjay Bali, president and global head, Tech Innovation Group, Aurionpro Solutions, said: "We are proud to mark this strategic win as a reflection of our shared vision for the future of digital mobility with MasterCard. This win strengthens Aurionpros growing portfolio of AFC deployments across key global markets and reflects the companys commitment to innovation, operational excellence, and transforming urban mobility." Aurionpro Solutions is a global leader in providing advanced technology solutions. It focuses on sectors such as banking, mobility, payments, insurance, transit, data center services, and government sectors. The companys consolidated net profit increased 30.80% to Rs 50.33 crore in Q4 FY25 as compared with Rs 38.48 crore in Q4 FY24. Net sales jumped 32.44% YoY to Rs 326.95 crore in Q4 FY25.
Business Upturn
7 days ago
- Business
- Business Upturn
Aurionpro partners with Mastercard to implement Automated Fare Collection system for Egypt's public transport network
Aurionpro Solutions Ltd. has secured a major contract to implement an Automated Fare Collection (AFC) system for Egypt's public transport sector. This strategic win marks a significant milestone in the company's expansion across the Middle East and Africa region. The project will be delivered by Aurionpro Transit Pte Ltd, the company's dedicated mobility division, in partnership with Mastercard. The collaboration aims to create a modern, seamless, and fully digital fare payment experience that aligns with Egypt's Vision 2030 for a cashless, connected economy. Under the agreement, Aurionpro will lead the end-to-end deployment of advanced fare collection technologies, including mobile data terminals (MDTs) and contactless validators, integrated with Mastercard Payment Gateway Services. This open-loop solution will allow commuters to pay fares using debit or credit cards, eliminating the need for cash. The initiative stems from a tri-party partnership between Mastercard, National Bank of Egypt, and Mwasalat Misr Group—a leading mass transit operator in Egypt. The collaboration aims to digitize payments across Mwasalat Misr's entire fleet, enabling riders to book and pay in real time, both onboard and via digital platforms. Historically, Egypt's public transport system has relied heavily on cash payments, creating barriers to financial inclusion. The new AFC system will introduce a secure, efficient, and convenient fare payment process, supporting broader goals of digital transformation in the country's transit ecosystem. This project reinforces Aurionpro's position as a global provider of advanced mobility solutions and highlights its growing influence in international smart city and transport infrastructure developments. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
