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Smart fare box: Jinhua Project, Significant Cost Reduction and Efficiency Improvement

123 words | Last Updated: 2024-04-22 | By Golong
Author: Golong
We are a leading public transport payment system provider, founded in 2015. We focus on developing and operating smart hardware and software for IoT, facial recognition, and digital currency.
Smart fare box: Jinhua Project, Significant Cost Reduction and Efficiency Improvement
Table of Contents
  • 12 bus routes in Jinhua, including routes 11, 33, and 35, began trial operation with smart fare boxes installed.
  • A total of 81 test machines were deployed, all of which operated well. Based on observations from onboard personnel, coin recognition was swift, resulting in a smooth passenger experience. Daily cash usage showed no significant difference compared to before the installation of the machines.
  • Coin collection data was synchronized with the backend in real-time, ensuring accurate matching of daily coin collection statistics with backend records.
  • Estimated Effects: The fully digitalized cash collection process could save manpower equivalent to ten employees across three branch offices and logistics support teams. Considering an annual labor cost of 100,000 RMB per person, this could lead to a reduction in annual costs by 1 million RMB.