Efficient closed loop payment solution for auto fare collection
Simplify fare collection, boost revenue, and reduce operational costs with our automated closed loop auto fare collection solution.
What is closed-loop auto fare collection?
In a closed-loop auto fare collection system, instead of carrying cash or using regular payment cards, your customers get a dedicated transit account, which can be connected to a card or wallet.
The transit card or wallet works exclusively for transportation only - making your passengers’ daily commute smoother, faster, and hassle-free.
Challenges in the fare collection process
Time-consuming manual payments
Traditional payment modes slow down passenger boarding. It creates delays and long queues during peak hours, which affects service efficiency and passenger satisfaction.
Inconsistent revenue collection
Cash handling increases the risk of errors in calculations, revenue leakage, and theft. This leads to operational inefficiencies and significant revenue losses for transit operators.
Limited passenger payment options
Relying on cash and credit/debit card payments limits passenger convenience as they can’t pay through their smartphones or other smart devices.
High operational costs of cash handling
Managing cash requires additional resources for collection, counting, and security, which increases the operational costs for your transit system.
Lack of passenger data and usage insights
Traditional and manual fare collection systems fail to capture real-time passenger data. Hence, transit operators can’t analyze usage patterns, optimize routes, and improve service.
Auto fare collection system to streamline the complexities
Passenger-centric features for efficient fare collection
Why Swiftpay’s auto fare collection system is ideal for your business?
Scalability
Whether managing small commuter routes or large metropolitan systems, our solution handles passenger volumes efficiently to ensure smooth fare collection as your system grows.
White-label capabilities
Offer your passengers branded NFC fare cards or wallets that represent your brand. Let them have a seamless and professional travel experience while building loyalty.
Easy integration
Our platform integrates effortlessly with your existing transit systems so that you can ensure a smooth transition to automated fare collection without disrupting daily operations.
Ready to streamline your fare collection and become more efficient?
