Erayaa Lifespaces Limited(BSE: 531035)delighted to share business updates from its Indian subsidiary EbixCash. The company has announced that its subsidiary, EbixCash, has successfully begun the rollout of a Comprehensive Ticketing Solution for the Karnataka State Road Transport Corporation (KSRTC).
The Transport Division of EbixCash has been chosen by KSRTC as the Technology Solution Provider for the supply, commissioning, and maintenance of Smart Electronic Ticketing Machines (ETMs) as part of a comprehensive ticketing solution. This five-year contract, valued at approximately INR 1335 Million, covers all state-run buses. It involves implementing EbixCash’s Automatic Fare Collection System (AFCS) on Android-based ticketing devices with digital payment options tailored to KSRTC’s business rules. Over
10,000 devices will be deployed across 84 depots, serving a fleet of 8,000 buses, with plans to expand to up to 15,000 devices over the next five years.
EbixCashis a leading provider of e-ticketing solutions for government bus transport, offering mobile, web, and Android-based ticketing systems. The Android platform enables ticket sales through various payment methods, including cash, UPI, credit cards, debit cards, and NCMC smartcards. This solution has the potential to be adopted by over 50 government bus public transport units throughout India.
EbixCash’s Transport Division currently provides ticketing services to nine government bus transport corporations, including state road transport corporations in major states like Maharashtra, West Bengal, Andhra Pradesh, Rajasthan, and now Karnataka. This system serves over 10 Million passengers daily through more than 70,000 Electronic Point of Sale (ePoS) smart devices, covering over 40,000 buses.