04.19.17
NXP Semiconductors N.V. will further its collaboration with AF Payments Inc., the company behind the contactless payment beep cards in the Philippines, to add micropayment capabilities. The popular cards commonly used for transport ticketing in the Manila Light Rail Transit System Line 1 and 2, Manila Metro Train Transit System Line 3 and popular city bus routes can now be used to pay at the FamilyMart convenience store chain, which is the second largest chain of 24-hour convenience stores in the world.
According to Peter Maher, AF Payments Inc.’s President and CEO, since the card’s launch, more than three million beep cards have been sold, accumulating more than four billion Philippine peso (PHP) in transactions with 18 million taps in a single month (March 2017).
The beep card can be reloaded at FamilyMart as it is a stored value card. Due to the card’s increasing popularity, many additional services are likely to follow.
According to Peter Maher, AF Payments Inc.’s President and CEO, since the card’s launch, more than three million beep cards have been sold, accumulating more than four billion Philippine peso (PHP) in transactions with 18 million taps in a single month (March 2017).
The beep card can be reloaded at FamilyMart as it is a stored value card. Due to the card’s increasing popularity, many additional services are likely to follow.