Transport tack to key in digital financial inclusion

With the successful test run of the Automated Fare Collection System (AFCS) for the country’s light rail transport system last week, a Smart eMoney official on Thursday said he is optimistic that the unified ticketing scheme using the contactless “Beep” cards will boost ePayments adoption in the country and help unlock digital financial inclusion for Filipinos.

“Transport is one of the keys to jumpstarting electronic payment ecosystem in emerging markets and the recent successful trial of the touch-and-go light rail payment Beep card is good in pushing take-up of more digital financial services,” Orlando Vea, president and CEO of Voyager Innovations and Smart eMoney Inc. (SMI), digital subsidiaries of PLDT and Smart Communications Inc. (Smart), said.