Excel KC Myanmar Co Ltd has won the tender to launch a card payment system called Yangon Payment Service-YPS to be used on YBS (Yangon Bus Service) passenger buses, according to a statement released by the tender scrutiny and supervision committee of the Yangon Region government.
The list of shortlisted companies was announced on December 29 last year. Excel KC Myanmar was announced the winner during a meeting of the committee held on January 10 this year.
The statement said that if there is any inconvenience or cancellation during the negotiation with the tender-winning company in signing a bilateral agreement, one of the other two shortlisted companies would be selected.
Twenty-one companies submitted their tenders, and 14 were shortlisted on December 4. Out of the 14 firms, three – Any Pay, Asia Starmar and Excel KC Myanmar – were shortlisted as finalists.
Currently, bus passengers have to manually drop their bus fares into the fare collection box.