back Back

BPC and DSK Bank partner to enable contactless payments in Bulgaria

By Joy Dumasia

August 02, 2021

  • Bpc
  • Bulgaria
Share

BPC’s smart city payment division  O-CITY  has partnered with DSK Bank in Bulgaria and its subsidiary DSK Mobile, both part of OTP Group and local operator CNS, delivering the new ticketing system overseen by the Sofia Urban Mobility Center.

Passengers can now pay using contactless Visa or Mastercard bank cards issued by any bank or FinTech company across the world or respective NFC mobile wallet, in 3,900 validators installed across the capital’s public ground transportation system, including buses, trams, trolleybuses.

O-CITY ensures passengers can seamlessly and securely tap-to-pay with their bank card in public transport or any other means of payment, wallet, QR code and more. Using a BPC eCommerce solution for DSK Bank, the SUMC web portal provides functionality to pre-purchase a travel subscription on close loop transport cards, completing the full scale of digital payments for public transport services.

This flexibility in payments is possible with O-CITY’s open-loop technologies, which helps operators expand the choice for payment and transition to contactless payments. The solution has already been implemented in over 130 cities worldwide and quickly adopted by travellers, leading to a rapid return on investment for operators and governments.

The digitisation of payments is part of the Bulgarian government’s commitment to making Sofia a “green capital” and a model of sustainable urban development. As a means to achieve this goal, Sofia Municipality and Sofia Urban Mobility Center implemented a new unified ticketing system in May 2021, which enables a variety of new channels, including open-loop EMV contactless cards.

Tokhir Abdukadirov, SVP, Head of Smart City Solutions at O-CITY, said: “In cities around the world, transport is undergoing accelerated digital transformation, spurred on by pandemic concerns. Contactless is becoming a convenient and efficient reality everywhere, and there is simply no way back. We are proud to see Sofia Municipality and Sofia Urban Mobility Center working together with DSK, CNS, Visa, MasterCard and O-CITY to power this exciting initiative which will make travelling around the capital city easier for everyone.”

Previous Article

August 02, 2021

Credit Union of Colorado integrates Scienaptic’s AI-powered platform

Read More
Next Article

August 02, 2021

AvaTrade partners with Usain Bolt to be the new Brand Ambassador

Read More






IBSi Daily News Analysis

June 21, 2024

Bpc

Industry experts react after India FIU fines Binance $2.2m, signaling tougher digital asset regulations

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 21, 2024

MECCA & Adyen to offer a seamless payments experience in Australia

Read More

June 21, 2024

Vipps, MobilePay launch cross-border P2P payments in the Nordics

Read More

June 21, 2024

FinTech Focus: Catch latest developments of the week

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023