Tracsis has secured a major contract for the Tap Converter PAYG system in the UK. This initiative aligns with government efforts to modernize rail services and enhance passenger convenience. This was reported by the railway transport news portal Railway Supply.

Tracsis has secured a major contract for the Tap Converter PAYG system in the UK. This initiative aligns with government efforts to modernize rail services and enhance passenger convenience.
The Tap Converter system processes tap data from smartcards, contactless bankcards, and mobile apps, integrating with multiple transport modes. Credit: leungchopan/Shutterstock.

Tap Converter PAYG System to Revolutionize Rail Ticketing

Rail Settlement Plan, part of the Rail Delivery Group, has awarded Tracsis the contract. The company will implement the Tap Converter PAYG system across National Rail networks.

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This technology simplifies PAYG travel with seamless fare calculations and ticketing. It supports the government’s vision for a more modern and accessible transportation system.

Six train operators currently use Tracsis’ smart ticketing solutions for PAYG transactions. The new agreement guarantees steady revenue growth as more operators adopt the system.

Tracsis will receive a fixed annual operating fee plus additional earnings based on transaction volumes. Consumer adoption will further drive long-term revenue expansion.

Tracsis CEO Chris Barnes emphasized the significance of this nationwide smart ticketing project. He highlighted its potential to evolve into a valuable long-term industry partnership.

How Tap Converter PAYG System Enhances Commuter Experience?

The system efficiently processes smartcard, contactless, and mobile app transactions. It integrates multiple transport modes, making urban travel more convenient and efficient.

Passengers benefit from advanced fare calculations powered by Tracsis’ technology. The system applies discounts, manages payments, and simplifies commuting across different transport networks.

Tracsis has begun development, aiming for a 2026 deployment. The company expects substantial revenue growth as transaction volumes increase post-launch.

Six train operators will continue using Tracsis’ PAYG technology during this phase. Existing services will remain active while new implementations progress.

Once operational, revenues will directly correlate with customer adoption and system utilization. Tracsis anticipates increased transactions as its smart ticketing footprint expands.

In 2024, Tracsis processed 2.25 million PAYG journeys across UK transport systems. Recent implementations in Wales and Scotland will further boost adoption before full deployment.

The company strengthened its global presence by acquiring RailComm, a US-based rail technology provider, in 2022 for $14.2M (£10.9M). This strategic move reinforces Tracsis’ position in the industry.

Source: www.railway-technology.com

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