Aurionpro Solutions Limited has informed the Exchange regarding a press release dated Jun 26, 2025, titled "Aurionpro secures major win to implement Automated Fare Collection system for Egypt s Public Transport Network, expanding Middle East footprint, in partnership with MasterCard.".
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Aurionpro Solutions, through its mobility arm Aurionpro Transit Pte Ltd, has won a contract to implement an Automated Fare Collection (AFC) system for Egypt's public transport network, in partnership with MasterCard. The project will deploy Validators, Mobile Data Terminals, and an open-loop software solution integrated with MasterCard's Payment Gateway Services. The deal is part of a tri-party agreement between MasterCard, National Bank of Egypt, and Mwasalat Misr Group, a major mass transit operator in Egypt. This marks a significant expansion of Aurionpro's footprint in the Middle East and Africa region and aligns with Egypt's Vision 2030 for a cashless economy. No specific contract value was disclosed in the announcement.
This is a positive development for Aurionpro as it strengthens the company's international transit portfolio and validates its AFC technology on a global scale. The partnership with MasterCard and expansion into Egypt could drive future order inflows, though the absence of a disclosed order value limits visibility on near-term revenue impact.