Finnish mobile ticketing company PayiQ and Indian ICT systems integration company SRIT have signed a strategic partnership deal.
PayiQ Finland is a true European public transport and city access technology company. It delivers ticketing and payment platform for city bus and tram authorities across Europe and Russia. PayiQ’s core technology solution provides mobility and big data moderation, analysis, and collection across multimodal means of public and city’s shared transport.
According to a statement, SRIT India’s partnership with PayiQ is strategic, so much so that the deal envisages source code transfer. This collaboration is for multimodal transport – be it metro, bus, or any form of shared mobility. The goal is to enable First Mile Last Mile transportation.
It added, “The strategic partnership of PayiQ and SRIT will transform India’s emerging digitization need to a realization that all technology adoptions are frugal and mindful of the society and its wider range of commuters. PayiQ and SRIT with their technology platforms will provide an ecosystem to the state and central authorities both for bus and rail transport to replicate and adopt modern mobile ticketing solutions with wide product range and payment methods. It will enable a larger participation of transport solution providers to integrate and provide First Mile Last Mile or multimodal journey planning to its respective city users. Such technology can further realize “One Nation One App” goal for public transportation sector.”
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