Under the terms of the partnership, MRT commuters will be able to use the Smart Money PayPass card to electronically pay for their daily transportation costs, eliminating the need to queue in lines to purchase tickets.
MetroPass and its business and technology partners will also work in tandem with Smart to pioneer innovative mobile and Internet applications that will leverage on their combined strengths in business processes and technology. This will culminate in a single "contactless" card that will empower people to purchase essential services such as transport, mobile phone reloading, bill payments, and remittances across physical, Internet, and mobile spaces.
"Our partnership with MetroPass is very strategic. Through the tie-up, we will be able to bring our innovative services closer to our 25 million subscribers and give them added convenience. Those with relatives working abroad, for example, will be able to claim their remittances at the booths in the MRT station. Reloading of the Smart Money card will also be easier since they can do it at the Smart booths in the stations, too. They can use the Smart Money card not only for transport fare payments, but also as payment tool in stores that accept MasterCard Electronic. It is more secure, since they no longer need to carry too much cash," according to Smart president and CEO Napoleon Nazareno.
As part of the agreement, MetroPass will set-up professionally-run electronic reloading establishments in all MRT stations. These stations will offer the reloading of Smart mobile phones, Internet and other prepaid cards, and will serve as Smart Money and Smart Padala Cash-In and Encashment centers.
MetroPass will expand the network of reloading stations into other commercial and transportation centers to expand the reach and accessibility of these services to millions of Filipinos.
"Our partnership with Smart will help to improve the daily lives of hundreds of thousands of MRT commuters. We have been developing a comprehensive electronic payment system for the MRT, and the integration of Smart Money PayPass will bring us a step closer in providing the convenience, functionality, and security that commuters deserve. In conjunction with MetroPass’ technology, people, and processes, we will extend the accessibility and capability of the Smart Money PayPass card across multiple physical, Internet, and mobile channels for all people. A cash card must be more than just cash," MetroPass CEO Edwin Hui said.
The Metrostar Express, otherwise known as the Metro Rail Transit 3 or MRT-3, is a 16.9-kilometer modern rail system along EDSA, running from North Avenue in Quezon City to Taft Avenue , Pasay City. The MRT-3 provides transportation services in Metro Manila to over 450,000 passengers on a daily basis during peak operations.
"The partnership between Smart and MetroPass will enable the MRT commuters to travel in a more timely and efficient manner. Always of paramount importance in our minds is the continual improvement of services that we offer our ridership. Whether it’s accomplished by adding additional trains, implementing electronic payment, or enabling innovative products, the rider is always first priority," Fil-Estate chairman John Robert Sobrepeña explained. MRT is a subsidiary of the listed realty firm.