Excel KC Myanmar Company Limited, a JV of Excel Myanmar and Taiwan-based Acer Incorporated, has secured a contract from the Yangon Region Transport Authority to install an automatic fare collection system on the Yangon Bus Service in Myanmar. The company will invest $14.78 million to implement the system.
The prepaid card payment system, called Yangon Payment Service will replace the current cash-based payment system in 2018. There are plans to extend the use of these cards for payments to trains, taxis, restaurants and supermarkets.