Fime backs the first fully ‘made in India’ transit payment terminal

By Leandra Monteiro

Fime has supported QuantumAeon to become the first transit payment terminal vendor to completely design, build, test and certify in India. With Fime’s technical advisory and certification services, the terminal has been approved in line with the EMVCo contactless EMV® Level 1 requirements. This project is part of Fime’s efforts to champion the national ‘Make in India’ initiative by offering local end-to-end testing and certification services for Indian manufacturers.

Shri Arvind Kumar, Director General STQC, Ministry of Electronics & Information Technology Government of India, commented, “EMVCo approval plays a big role in the modernization of our mobility infrastructure. This is a huge step forward for the ‘Make in India’ initiative, which will strengthen economic growth and foster innovation. We look forward to further success stories from Fime and Indian manufacturers.”

Balaji Brindavan, CEO of QuantumAeon, added, “Achieving EMVCo approval without having to travel overseas is a major benefit for our business. With Fime’s support, we were able to considerably reduce the costs and time taken to launch our terminal. Building on our strong presence in the transit ticketing sector for the past fifteen years, we are pleased to be contributing to the Government of India’s One Nation, One Card movement to bring consumers seamless and secure transport experiences.”

Angaj Bhandari, Managing Director of India and South Asia at Fime commented, “Our team is proud to collaborate with QuantumAeon to achieve this milestone. Appetite for EMV migration and seamless travel experiences continues to grow in India. We are excited to be able to provide local manufacturers with the support to certify their products in a fast, simple and cost-effective way.”