The Global Automated Fare Collection Market size was valued at USD 8.15 billion in 2018 and is projected to expand at a CAGR of 13% from 2021 to 2027. Automated toll collection systems are a contactless, end-to-end solution for collecting fare payments and replacing traditional ticketing systems with automated ticketing. It consists of an automatic gate machine, ticket […]
Tag Archives: Automated Fare Collection Market
AFC is commonly used to replace public transport tickets printed on paper with electronic tickets. Designed for public transport and micropayment operations, the AFC system is a stored value-based contactless smart card application that can be extended to mobile ticketing applications. AFC is commonly used for automatic logging of transactions to easily collect usage data, […]