MUNICH--(BUSINESS WIRE)--Maintaining its momentum throughout the global transportation ecosystem, the Open Standard for Public Transport (OSPT™) Alliance today announced that Kyros Soft Tech Ltd., a Hyderabad-based Indian company leader in smart card and embedded technology innovation, has joined as a Full Member. The company has been delivering innovative smart card solutions for a wide range of customers and applications in India for well over a decade. Kyros also developed the first smart card operating systems for e-government applications in India.

“Our membership encompasses the leading providers of transit and smart card solutions around the world and we are pleased to welcome Kyros to the OSPT Alliance as a Full Member,” said Laurent Cremer, executive director for the OSPT Alliance. “As a global smart card and embedded systems company, Kyros is very familiar with contactless smart card, reader, and terminal technologies. It is also well positioned to expand its expertise in transit solutions with open standards-based solutions by partnering with the innovative technology leaders who make up the membership of the OSPT.”

India’s public transit system carries more than six billion passengers and 350 million tons of freight annually, based on figures from the World Bank and Indian Railways. Rapid growth and large-scale modernization projects are fueling the need for new, standards-based systems, such as fare collection, loyalty programs, terminal services, and others.

“Security and extensibility are essential elements of modern fare collection systems,” said Renold Ranjit, managing director ofKyros. “The CIPURSE™ open standard is a smart way to future-proof our offerings in the Indian market for both traditional and mobile capabilities. We are committed to helping our transit customers gain the flexibility to anticipate and meet passengers’ needs well into the future.”

With strong expertise in embedded and smart card technology, and commitment to fast product turnaround times, Kyros provides cost-effective solutions to its clients.

These capabilities enable the company to be a major player in India’s e-governance, banking and finance, transport, telecom, retail and healthcare markets. Transit solutions based on the CIPURSE secure open standard allow Kyros to help its clients achieve secure, flexible fare collection processes that leverage passengers’ mobile devices while adding value to ticketing transactions.

The OSPT Alliance offers the CIPURSE open security standard to address transit authorities’ need for future-proof fare collection systems with advanced security. As an open standard, CIPURSE promotes vendor neutrality and cross-vendor system interoperability with reduced technology adoption risks, higher quality and improved market responsiveness—all of which can result in lower operating costs and greater flexibility for transport system operators. CIPURSE also offers a global basis for rapidly migrating transit fare systems to NFC-enabled mobile phones and other devices, and the standard supports the adoption of NFC transit applications for a truly future-proof solution. To apply for membership as a Full Member, Associate Member or Evaluator, please go to http://www.osptalliance.org/become_a_member.

About the OSPT Alliance

The OSPT Alliance is an international association chartered to define a new open standard for secure transit fare collection solutions. It provides industry education, creates workgroup opportunities and catalyzes the development and adoption of innovative fare collection technologies, applications and services. The OSPT Alliance was founded by leading technology companies, and membership is open to technology providers, transit operators, consultants, solution vendors, government agencies and other stakeholders in the transit ecosystem. For additional information, please visit www.osptalliance.org.