SC Soft announces Go-Live of the EMV Loop implementation for buses in Costa Rica; stock down ~2%

2 May 2022 , 12:04 PM

SC Soft Pte Ltd, an Aurionpro Limited subsidiary, is proud to be the payment device provider with its Validator (SCV 500) for the National Electronic payment system for public transportation in Costa Rica. The system was inaugurated by the honourable President of Costa Rica and the senior representative from Banco Central De Costa Rica (BCCR).

The Project is done in collaboration with Banco Central De Costa Rica (BCCR), Mastercard, and GSD Plus.

Mr. Sanjay Bali, SC Soft CEO said that “We are thankful to the Mastercard for partnering with us in this project which has been implemented in record time. SC Soft has built robust offerings & strong delivery capabilities which are complemented by the collaborations with BCCR & Mastercard. This will create a strong footprint for SC Soft in the LATAM market and will establish us to be the preferred Automatic fare collection and ticketing payments provider. As BCCR is expected to expand it in further phases we foresee significant further orders in the future.”

The central bank of Costa Rica launched the technological platform — National System of Electronic Payments (SINPE), connecting the country’s financial entities and public institutions through a private telecommunication network that allows for electronic cash transfers.

Aurionpro Solutions is currently trading at Rs338.55 down by Rs4.6 or 1.34% from its previous closing of Rs343.15 on the BSE. The scrip opened at Rs344.70 and has touched intraday high and low of Rs344.70 and Rs337 respectively.