MPeso

MPeso
Location Managua, Nicaragua
Launched 2011, MPeso transfer and payment card
2013, MPeso TUC Card
Manager MPeso
Currency Nicaraguan Cordobas (NIO) (Unlimited maximum load)
Stored-value Pay as you go
Validity
  • Managua intra-city bus system
Website http://mpeso.net/

MPeso is a mobile money transfer and payment company based in Nicaragua. It operates the prepaid rechargeable contactless smart card system for all the Managua's intra-city buses.[1]

History

MPeso began operations in Nicaragua in 2011 as the first mobile money transfer and payment company in the country.

In 2013, the company implemented the new digital fare-collection system for Managua's intra-city buses using rechargeable contactless smart cards.[2] The new system was designed by LECIP Arcontia AB, a Swedish producer of contactless smart card products and solutions for automatic fare collection. All of the 834 city busses in Managua will be equipped with fare collection systems using MIFARE PLUS smart cards and ARC3300T5 ticket validators from LECIP Arcontia AB.[3]

A total of 600,000 smart cards will be distributed.[4]

References

  1. ↑ http://www.mobtion.com/study-mpeso-case.php
  2. ↑ http://www.nicaraguadispatch.com/news/2013/06/managua-buses-enter-digital-era/7888
  3. ↑ http://www.arcontia.se/news/arcontia-and-local-partner-mpeso-are-chosen-to-supply-and-operate-the-first-major-mifare-plus-based-afc-system-in-nicaragua/
  4. ↑ http://www.laprensa.com.ni/2013/02/19/ambito/135234-mpeso-ensaya-tarjetas
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