Start pilot in Pokhara
COSECO Nepal Pvt. Ltd, a technology company that aims to digitalize the world, recently launched its automated fare collection system (AFCS) in public transport buses in Pokhara, Nepal on January 25th, 2023. The pilot program, which was launched in partnership with local organizations, aims to improve the transportation system in Pokhara by providing a safer, more convenient, and efficient means of payment for public transport.
The AFCS is a modern payment system that replaces the traditional cash-based payment method. It is a contactless payment system that uses smart cards or mobile payment applications to pay for fares. Passengers can simply tap their smart cards or mobile devices on the reader, and the system automatically deducts the fare from their account. This system not only eliminates the need for cash payments but also reduces the chances of fraud and increases accountability in the transportation system.
COSECO has been working on this project since 2019, but the COVID-19 pandemic had forced them to halt the program. With the situation improving, COSECO finally launched the pilot program in Pokhara, and if successful, they plan to deploy the AFCS in up to 850 buses.
The benefits of the AFCS are not limited to passengers alone. It also helps bus operators and transportation authorities to efficiently manage the transportation system. The system can generate real-time data on passenger volume, revenue, and route optimization, which can help operators make informed decisions. Moreover, the system can also help transportation authorities to monitor the operation of buses and identify any irregularities in the system.
The launch of the AFCS is a significant step towards digitalizing the transportation system in Nepal. It not only provides a more efficient payment system but also reduces the burden of cash handling for drivers and conductors. The system can also help improve the revenue collection for bus operators, which can ultimately lead to better wages and benefits for their employees.
In conclusion, the pilot program of COSECO’s automated fare collection system in Pokhara, Nepal, is a promising initiative towards improving the transportation system. It is a modern payment system that offers many benefits to passengers, bus operators, and transportation authorities alike. If the program proves successful, it can be a significant step towards digitalizing the transportation system in Nepal, and we can expect to see more initiatives like this in the future.