MPeso

Last updated
MPeso
MPeso TUC card.jpg
Location Managua, Nicaragua
Launched2011, MPeso transfer and payment card
2013, MPeso TUC Card
ManagerMPeso
Currency Nicaraguan Cordobas (NIO) (Unlimited maximum load)
Stored-value Pay as you go
Credit expiry16 September 2018
Validity
  • Managua intra-city bus system
Website http://mpeso.net/

MPeso was a mobile money transfer and payment company based in Nicaragua. It operated the prepaid rechargeable contactless smart card system for all the Managua's intra-city buses. [1]

Nicaragua Country in Central America

Nicaragua, officially the Republic of Nicaragua, is the largest country in the Central American isthmus, bordered by Honduras to the northwest, the Caribbean to the east, Costa Rica to the south, and the Pacific Ocean to the southwest. Managua is the country's capital and largest city and is also the third-largest city in Central America, behind Tegucigalpa and Guatemala City. The multi-ethnic population of six million includes people of indigenous, European, African, and Asian heritage. The main language is Spanish. Indigenous tribes on the Mosquito Coast speak their own languages and English.

Contents

History

MPeso began operations in Nicaragua in 2011 as the first mobile money transfer and payment company in the country.

In 2013, the company implemented the new digital fare-collection system for Managua's intra-city buses using rechargeable contactless smart cards. [2] The new system was designed by LECIP Arcontia AB, a Swedish producer of contactless smart cards for automatic fare collection. All of the 834 city buses in Managua will be equipped with fare collection systems using MIFARE PLUS smart cards and ARC3300T5 ticket validators from LECIP Arcontia AB. [3]

A total of 600,000 smart cards will be distributed. [4]

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References

  1. "Archived copy". Archived from the original on 2012-04-23. Retrieved 2013-08-26.CS1 maint: Archived copy as title (link)
  2. "Archived copy". Archived from the original on 2013-08-25. Retrieved 2013-08-26.CS1 maint: Archived copy as title (link)
  3. "Archived copy". Archived from the original on 2013-07-27. Retrieved 2013-08-26.CS1 maint: Archived copy as title (link)
  4. "MPeso ensaya tarjetas - La Prensa". Laprensa.com.ni. Retrieved 21 February 2019.