Multi-Usage Smart Card Launches in the Philippines

• Posted: Friday, June 30, 2006
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• Author: pradhana

Two companies, one based in the Philippines [True Product ID, Inc. (TPID)] and one from Australia [Globe Staff Consulting Corporation] have entered into an exclusive agreement to launch a brand-new electronic payment system using contactless card technology in the Philippines.

The card functions like a debit card and can be reloaded from time to time. It can be used in convenience stores, fast food centers, drugstores, gas stations, supermarkets, and eventually, transportation systems. One of the two companies, First Versatile Smartcard Solutions Corporation (VersaCard), the marketer, was recently acquired by the MacKay Group. The other, who will provide the hardware and software for the venture, is the ERG Group of Australia.

The ERG Group has installed systems in major cities throughout the world including Hong Kong, Melbourne, Rome, San Francisco and Singapore, with installations in progress in Gothenburg, Seattle, Stockholm, Sydney and Washington, D.C. ERG has delivered systems that support more than 20 million smart cards in circulation and handle approximately 5 billion transactions per annum.

[Read more]

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Contactless payment growing in popularity

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