HONG KONG SAR – Media OutReach Newswire – January 31, 2024 – With the dawn of the new era of retail, the use of electronic payment methods by the public has increased significantly. This trend, coupled with the Hong Kong government’s dedicated efforts to foster the development of a smart city, has led various industries to actively pursue digital transformation. Supported by
EFT Solutions, a leading provider of electronic payment solutions, and funded by the Innovation and Technology Fund,
Drink Drink which is a brand under
Mobile phone storea local taxi management and operation company, and the
Automotive Platforms and Application Systems (APAS) R&D Center, are delighted to jointly announce the launch of “CabCab”, the first government-approved smart taxi meter in Hong Kong. It will initially be tested on 100 urban and new territory taxis, with the aim of having 1,000 taxis equipped with the smart meter by the third quarter of this year.
Developed in collaboration by CabCab and APAS, and with support from EFT Solutions, the innovative “CabCab” smart taxi meter offers much more than just electronic receipt functionality in the future. It will simplify fare calculations for taxi drivers in scenarios involving toll tunnels, toll roads, toll zones or other additional service charges. Drivers can easily select relevant additional charges on the CabCab system, which then automatically calculates the total fare, reducing the risk of human error associated with manually adding these charges.
Mr. Wong Yu-ting, Managing Director of CabCab and Chairman of the Hong Kong Tele-call Taxi Associationsaid: “CabCab stands out from traditional taximeters. It offers a range of electronic features that significantly reduce manual operations, while opening access to different payment platforms, improving the efficiency and quality of services to drivers. This innovation is set to positively transform the business ecosystem of the taxi industry.
Also,
Mr. Sam Hui Kin-sang, CEO of CabCabsaid: “CabCab is the first smart taxi meter developed by local companies and approved by the HKSAR. Along with the cooperation with EFT Solutions, the local electronic payment solution provider, CabCab will introduce a variety of electronic payment methods through the stable system. and certified that meets international security standards, to provide a more convenient and secure payment experience for taxi passengers.
The application of electronic payment has seen a dramatic increase in recent years, with more and more public transport systems gradually integrating these payment options. CabCab will also expand support for a variety of electronic payment methods, including major payment platforms such as QR code, credit cards, NFC and foreign wallets.
Mr. Andrew Lo Chun-kit, Chairman and CEO of EFT Solutionssaid: “We are honored to be part of CabCab and APAS for reaching this milestone. This advancement not only revolutionizes the taxi industry, but also promotes Hong Kong as a smart city. We will devote ourselves to continually creating more payment scenarios that go beyond the need for physical wallets, allowing the public to fully enjoy the benefits of “smart mobility”.
CabCab plans to integrate with the “Internet of Vehicles (IoV)” and introduce new features such as radio calling for taxis and a positioning system, to solve various industry problems and improve the the whole system. Additionally, it aims to be implemented in 1,000 city taxis and new territories by the third quarter of this year.
Dr. Lawrence Cheung Chi-chong, General Director of the Automotive Platforms and Application Systems R&D Centersaid: “There are currently more than 18,000 taxis in Hong Kong, making them one of the main means of public transportation for passengers. Taxis play a crucial role in promoting the development of green transportation in Hong Kong. APAS is committed to accelerating development. of automobile science and technology and actively supporting industry, technical institutions and other cooperative research and development of different advanced technologies. Our collaboration with CabCab is one of the achievements of the application of science and technology. APAS will continue to work with industry practitioners. develop more high-end technologies, solve industry problems, and promote Hong Kong’s development into a “smart city”.
Hashtag: #CabCab #MobileShop #HKPC #EFTSolutions
The issuer is solely responsible for the content of this announcement.
