DIGITAL TRANSACTIONS CASHLESS INITIATIVES - .DIGITAL TRANSACTIONS & CASHLESS INITIATIVES ... TOTAL

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  • DIGITAL TRANSACTIONS&

    CASHLESS INITIATIVES

    Cashless Transactions

  • CURRENT SALES 2016-17

    99% tickets sold (by numbers in lacs) are digitalisedBut only 2% are Cashless

    97% tickets sold (by value in lacs) are digitalised

    But only 3% are cashless

  • Online Sales Payment Gateways

    Online ticket sales Payments through PGCredit / debit cards, NEFT, IMPS, Net BankingMultiple Gateways informed choice -failure rate & PG

    Charges Atom, HDFC Bank & AppNit

    Green Initiative no print out required - Tickets on mobile / laptops / ipads can be used with declared photo ids

  • Variety of Smart Cards;k=k Hkh [kjhnnkjh Hkh , dHkh Hkh dgha HkhRFiD for Travel, Swipe - Shopping

    MST SaralDiscount 40%

    MST StudentDiscount 60%

    Open EndedDiscount 20%

    Over the CounterDiscount 10%

    SMART CARD TICKETING

  • SMART CARD TICKETING

    USP A win-winPassenger Discount No change No Que ComboUPSRTC Advance No pilferage Committed passengerBank Float Transaction charges

    StatusICICI MST 110000 including

    students Open Ended 20000 Growth @ 4000 pmSBI OTC 20000 Growth @ 1000 pm

  • Demonetise Cash Sales Tickets On Board Smart Cards prepaid, preloaded, no KYC, OTC

    Range Rs. 100 to 2000, top-up in multiples of 100/-No DiscountProduction, marketing & advertisement cost by

    banker (approx. 2.5%)Selection Criteria Minimum MDRAdditional Infrastructure Swipe card POS at

    counter for payments from credit / debit cards

    ADVISORY TO PASSENGERS Carry exact change for cash ticket

    Or Buy a OTC Card from bank counter no problem of change

    CONVERT CASH TRANSACTIONS TO CASHLESS

  • mTicket & mPayments - Wallets

    Mobile Wallet - PayTM, FreeCharge, MobiQuik, etc.CONCEPT

    Integration of mobile to conductors POS through a ticketing app various mWallets integrated to App on API as in a PG

    App generates Transaction Id after remittance through selected mWalletand transmits to POS on WiFi

    Conductor generates a ticket on Transaction id Aggregator ensures settlement Aggregator commission includes App charges & mWallet conveniance

    charges passenger pays for slecting this optionPoC in one depot of Ghaziabad Region

    CONVERT CASH TRANSACTIONS TO CASHLESS

  • FUTURISTIC OPTIONCARDS ONLY TICKETING

    Deep discount "Single Use Cards" for single journeyMultiple use "Day Boarding Pass" for multiple journeysCost includes 2.5% (production, marketing, SAM for

    counterfeit protection) and 10% additional travel value (discount / cash back) Total 12.5% of transaction value

    CONVERT CASH TRANSACTIONS TO CASHLESS

  • CONVERT CASH TRANSACTIONS TO CASHLESS

    Fleet Remaining Constant 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23Base Year 1 2 3 4 5

    Passengers (crs)/pa 56.00 57.50 59.00 60.50 62.00 63.50Collection (Rs. Crs) 3850.00 4138.75 4449.16 4782.84 5141.56 5527.17

    Transactions (crs) - Number 56.00 57.50 59.00 60.50 62.00 63.50Status of Digital Transactions - Digital (Online, ETM, Smart Cards) 53.20 54.63 56.05 57.48 58.90 60.33 - Manual (BT Book) avg 2% 2.80 2.88 2.95 3.03 3.10 3.18Status of Cashless Transactions - Cashless avg 3% 1.68 1.73 1.77 1.82 1.86 1.91 - Cash on board 54.32 55.78 57.23 58.69 60.14 61.60

    Collection (Rs. Crs) - Cashless avg 3% 115.50 124.16 133.47 143.49 154.25 165.82 - Cash on board 3734.50 4014.59 4315.68 4639.36 4987.31 5361.36

  • CONVERT CASH TRANSACTIONS TO CASHLESS

    ProjectionsPassengers / Transactions (crs)Avg. / month 4.67 4.79 4.92 5.04 5.17 5.29Regular @ 60% 2.80 2.88 2.95 3.03 3.10 3.18Flux @ 40% 1.87 1.92 1.97 2.02 2.07 2.12Smart Cards to be issued / pa 25.20 23.08 23.68 24.28 24.88 25.48Value of transactions (crs / pa) 3850.00 4138.75 4449.16 4782.84 5141.56 5527.17

    FUTURISTIC OPTIONCARDS ONLY TICKETING

  • CONVERT CASH TRANSACTIONS TO CASHLESS

    Costs involved (crs / annum)RFiD card production cost @ 50/- 1260.00 1153.75 1183.75 1213.75 1243.75 1273.75Bank's Interest (MDR - 0.65% + Marketing - 1.35% + SAM - Counterfiet protection - 0.50%)

    96.25 103.47 111.23 119.57 128.54 138.18

    Discounts for promotion / cash back @ 10%

    385.00 413.88 444.92 478.28 514.16 552.72

    TOTAL COST OF CASHLESS TRANSACTIONS (100%)

    1741.25 1671.09 1739.89 1811.61 1886.44 1964.65

    FUTURISTIC OPTIONCARDS ONLY TICKETING

    User to make a refundable security deposit of Rs. 50/- for card cost ST to meet operations cost 2.5% from internal resources Funds needed for promotion / cash back / deep discount 10% of annual sales

  • Common Mobility Card

    Technology UPSRTC card is Category A NFC (RFiD) Card as per MoRTH guidelines

    Why not EMV Dependance of network infra and bottleneck of black spots in inter city operations

    Interoperability Works on Access Control Systems of Metros / Metro Cards work on UPSRTC POS

    Challenges CCHS and settlement process agreements Metro systems shall be central system other operators to adopt common platform and settlement processes

  • Thank youwww.upsrtc.com,

    www.upsrtconline.co.in

    Uttar Pradesh State Road Transport Corporation (UPSRTC)

    Parivahan Bhawan, Tehri Kothi, MG Marg, Lucknow.Ph : +91-522-262363, Fax : +91-522-2615526,

    email helpline@upsrtc.com, support.online@upsrtc.com