State transport authorities and stored value or “beep” cards provider AF Payments Inc. (AFPI) remain deadlocked over the issue of making the cards free for commuters, as of presstime.
AFPI today issued a statement to the media, effectively saying that the Department of Transportation (DOTr) is demanding for more than an arm and a leg in its request to waive the card fees in question.
The beep card provider has given more than enough, for its part, and can no longer be squeezed any further.
Even if beep card sales continue at P80 for the next 12 months, AFPI will not make any profit and will actually subsidize the operation of the automated fare collection system (AFCS), the company maintained.
The beep cards’ price, at P80 each, covers only part of the cost of logistics, production, initialization, printing and distribution.
In the meantime, to ease the