Automated Fare Collection Market: Global Industry Analysis
Automated Fare Collection (AFC) refers to a comprehensive system used in public transportation networks to automate the fare payment process for passengers. The primary objective of AFC systems is to streamline and simplify the collection of fares, making it more efficient, convenient, and secure. Typically implemented in buses, trains, subways, and other modes of public transportation, AFC systems utilize advanced technologies such as contactless smart cards, near field communication (NFC), mobile applications, and other electronic payment methods.
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