O&M
Tmoney Shares Its Innovative Experience With The World
(Solutions for Transportation systems)
O&M Partnership
Our Network of partners
Seoul, Korea
Ulaanbaatar, Mongolia
Korea, Percentage of card usage for metro
Korea, Percentage of card usage for bus
Before the Seoul Public Transport Reform, Metro services and bus routes were not adequately integrated. Fare policy, circuitous bus routes, and extension facilities were not favorable to transfer passengers. It resulted in drastic reduction in bus ridership and increase in personal vehicle usage. The rising needs for government subsidy in bus fare became a grave concern. Seoul Public Transport Reform adopted new fare policy, allowing free transfer among differing modes of transportation and vehicles; this means, each passenger may pay a single fare for a trip based off the distance traveled even if the trip requires varying modes of transportation (which can be determined by previous trip records). To execute this policy successfully, an electronic system for unified fare collection and indisputable settlement among operators was essential.
Seoul Metropolitan Government established a new transportation card business corporation called "Tmoney Co., Ltd.". Seoul Metropolitan Government was able to secure public character in terms of integrated settlement operator by becoming the biggest shareholder of Tmoney.
Implementation of unified public transportation system provided the citizens many benefits in using public transportation. Tmoney card system played an important part in making this success possible. Tmoney card is being used not only for transport, but also in other various retail areas such as shopping malls, movie theaters, public facilities, toll gates, convenience stores, public utility charges and more. The scope of Tmoney business can be evaluated by the following numbers; Tmoney as issuer and operator of Tmoney processes 50 million data transactions per day which means 600 transactions per second. 97 million cards have been issued accumulatively which means every Korean has more than one Tmoney card. Tmoney manages 19 million US dollars daily for fare settlement. Percentage of card usage for metro is 100%, for bus and taxi, 98.3% and 53.5% respectively. By introducing the integrated public transportation system to the cities, the number of passengers continuously increased and so did the satisfaction rate.
In accordance with the Decree No. 81 of the Ulaanbaatar City Council in 2013, the UB city decided to introduce new technologies in the bus operating system. In order to implement the project “urban management information services and electronic payment systems for public transport projects”, the city selected as the winner of a tender in August 2014.
USCC (Ulaanbaatar Tmoney Company) was established to implement and operate Ulaanbaatar’s New Transportation Card System (U-money). Since its inception in 2014, USCC has been operating UB city’s integrated fare collection system that includes the issuance of Tmoney cards and the clearing and settlement to numerous operators from mid 2015.
The scope of the project is clearly specified as the Bus Management System (BMS), e-ticketing, and Bus Information System (BIS). Routes and schedules planning would be done by the Geographical Information System (GIS). Actually operated routes and schedules would be monitored and checked with the mandated ones through the BMS. (Data related with bus performances of each operator are compiled. Those data are bus arrival/ departure time and number of alighting/ boarding passengers by every bus stop of each route; travel time, speed, traffic accidents of each route; other detailed information.) Business areas will be expanded to Taxi & retail payment, E-Pass (highway toll), BRT (Bus Rapid Transit) & BIT (Bus Information Terminal) and so on. Success in Mongolia will be the foundation for a series of further projects in Central Asia.