Aurionpro Solutions jumps on securing order to implement AFC system for public transport system in Egypt

The project will be executed by Aurionpro Transit, the company’s dedicated mobility arm, in collaboration with MasterCard

Aurionpro Solutions is currently trading at Rs. 1394.00, up by 61.10 points or 4.58% from its previous closing of Rs. 1332.90 on the BSE.

The scrip opened at Rs. 1353.35 and has touched a high and low of Rs. 1395.20 and Rs. 1327.60 respectively. So far 11312 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1989.95 on 28-Aug-2024 and a 52 week low of Rs. 1249.40 on 28-Feb-2025.

Last one week high and low of the scrip stood at Rs. 1398.20 and Rs. 1270.05 respectively. The current market cap of the company is Rs. 7680.20 crore.

The promoters holding in the company stood at 26.88%, while Institutions and Non-Institutions held 16.72% and 56.39% respectively.

Aurionpro Solutions has secured order to implement its Automated Fare Collection (AFC) system for the public transport system in Egypt. This development marks a major step forward in expanding the company’s footprint across the Middle East and Africa region. The project will be executed by Aurionpro Transit, the company’s dedicated mobility arm, in collaboration with MasterCard, combining the company’s cutting-edge transit technologies with MasterCard’s global expertise in payments and mobility. This partnership aims to deliver a seamless, efficient, and digitally advanced fare collection experience for commuters, aligned with Egypt’s vision for a modern, connected public transport infrastructure.

As part of this engagement, Aurionpro Transit will lead the end-to-end technology rollout of the Automated Fare Collection system, which is set to transform Egypt’s rapidly evolving public transport sector. The scope of the project includes the deployment of advanced Validators and Mobile Data Terminals (MDTs), along with a comprehensive open-loop software solution. This solution will be fully integrated with Mastercard Payment Gateway Services, enabling secured, seamless, and contactless fare payments across the network.

This initiative is the result of a tri-party agreement between Mastercard, the National Bank of Egypt, and Mwasalat Misr Group, a leading operator in Egypt’s mass transit ecosystem. The agreement aims to digitize ticketing payments for the Mwasalat Misr Group’s mass transit fleet -- empowering commuters to seamlessly book and pay for their journeys using payment cards.

Aurionpro Solutions is an advanced technology solutions company catering to the needs of the banking, mobility, payments and government sectors.