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MasterCard and Recaudo Sign E-Payments Agreement

Bogota, 23 April 2013 – Recaudo Bogota S.A.S and MasterCard signed an agreement to integrate electronic payments to Bogotá’s Integrated Public Transportation System – (SITP by its Spanish acronym). Through this agreement, Recaudo Bogota will enable users of the transportation system’s infrastructure to pay with MasterCard credit or debit cards when riding SITP’s blue buses and TransMilenio’s Phase III articulated buses.

“An alliance of this size is another sample of the commitment shown by Recaudo Bogota SAS towards the future of mobility in the nation’s capital through an efficient and agile Integrated Transportation System. The company continues to provide new and innovating systems, as well as the best technology, to simplify the use of the integrated transportation system in the city of Bogotá”, explained Javier Cancela, Recaudo Bogota CEO.

 The implementation of this electronic payments system facilitates the operation and integration process of this transportation system, strengthening its infrastructure in order to satisfy the growing transportation needs in Bogota. This hybrid credit or debit card was designed with MasterCard’s technology, offering two applications: one for paying in commercial establishments and for banking transactions and the other “RB” specialized in transit, for payments in the transportation system.

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