Automated Fare Collection (AFC) System Market - PMR Market Insight Report 2015 to 2021
Automated fare collection (AFC) system is the automated version of manual fare collection. It allows public transportation authority's such as metro, rail, and buses to implement fast and efficient ticketing system. The automated fare collection system allows tracing and managing the funds generated through sales and by use of transport fare media, thereby helping to thrust revenue of the companies. Contactless technology, smart card, and electronic payment reduce the cost associated with handling cash transaction. Smart cards technology is extensively...
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