EbixCash Wins Prestigious Long-term Contract for Automating and Digitizing the State of West Bengal and the City of Kolkata’s Bus Ticketing and Fare Collection System
EbixCash Private Limited, a subsidiary of Ebix, Inc. (NASDAQ: EBIX), a
leading international supplier of On-Demand software and E-commerce services to
the insurance, financial, healthcare and e-learning industries, today announced
that it has been awarded the prestigious order to design, develop, build,
install, maintain, operate and transfer the Intelligent Transport Management
System (ITMS) for all the state buses run by the two Government owned transport
corporations, namely Calcutta State Transport Corporation (CSTC) and West
Bengal Transport Corporation (WBSTC).
EbixCash will implement the end-to-end on-demand bus automation system
across a minimum of 1,500 buses in the state. The initial term of the contract
will be 7 years, with EbixCash deploying the platform over the next 3 months.
EbixCash’s Intelligent Transport Management System (ITMS) serves to
automate all aspects of fare ticketing and collection including Electronic
Ticketing Machines & the software. It provides tremendous upside to a bus
corporation, in terms of plugging any revenue leakage, faster services to the
end commuters, complete control over bus economics by route in real time,
trackability and audit trail of transactions, streamlined MIS and real time
data; besides endeavoring to optimize manpower usage across all the buses run
by the two Corporations.
The end commuters can avoid queues and time wastage while being able to
make payments on Smart Cards for their tickets inside and outside the bus.
Robin Raina, Chairman of the Board, EbixCash said, “We are excited to
have won this prestigious end-to-end ITMS project. West Bengal and Kolkata
today have a thriving bus industry that is utilized by millions of people in
the state. It is but natural that the state and the city of Kolkata would want
to implement a high-tech solution to automate its bus transport ticketing and
collection. EbixCash’s Bus Exchange initiative is the only solution that has
the track record of successfully having implemented the ITMS across the largest
of states in India. This order is another step in the direction of EbixCash
converging financial solutions with technology solutions and implementing them
in niche industries.”
EbixCash’s Bus Exchange Division is India’s dominant leader in the area
of Enterprise Bus E-commerce handling $1.7 Billion of annual transactions,
across 30% of India’s bus ticketing system network with 13+ large state-owned
public transport corporations as clients.
No comments