Aurionpro's SC Soft roll out contactless ticketing solutions at Raajje Transport Link Services; stock plummets ~6%

13 Jun 2022 , 03:13 PM

Aurionpro Limited’s Singapore-based subsidiary, SC Soft Pte Ltd (SC Soft), announced go-live of automatic fare collection (AFC) systems at Raajje Transport Link (RTL) service under the Integrated National Public Ferry Network (INPFN) in Zone 1 of the National Public Ferry Network connecting 13 islands in Haa Dhaalu Atoll through five different routes.

The first phase of the project is successfully completed as a part of the deal signed by SC Soft for the digitization of multiple modes of transport across Maldives for the Maldives Transport Contracting Company (MTCC). SC Soft is the Technology Partner in this project alongside Bank of Maldives (BML) and Mastercard as the Financial partner.

Mr. Sanjay Bali, CEO of SC Soft commented, “We are delighted to announce this go-live which will transform the transport experience and help customers with seamless, contactless ticketing options. We congratulate MTCC, the Bank of Maldives, and the Government of Maldives for the successful rollout of this first phase of its initiative of digitization of transport in the Maldives.

SC soft expects this momentum to continue as the remaining islands are connected in further phases and as MTCC begins digitization of the other modes of transport in the future. We also extend our regards to the Mastercard and this deal marks further deepening of our partnership.”

At around 3.16 PM, Aurionpro Solutions was trading at Rs298.30 down by Rs16.85 or 5.35% from its previous closing of Rs315.15 on the BSE. The scrip touched intraday high and low of Rs315 and Rs293.40 respectively.