An electronic purse is a card that stores value and can be used to pay for travel or other small-scale transactions in a similar way to cash. The secure information stored in a dedicated area or file on the smart-card is the electronic “purse.” The two main objectives of electronic purse cards are to replace cash in the public transportation payment system, either to transition away from a primarily cash-based system or as a replacement for residual cash payments in a mostly pre-paid system.
Category Archives: BFSI
Electric Passenger Car Lithium-Ion Battery Management System Market Top Winning Strategies
Electric passenger car has gained a considerable consumer popularity & acceptance in the past few years. Major improvements in the performance of an electric passenger car such as high acceleration rate and long driving range after a single charge have been boosting the demand for electric passenger vehicle. Further, a lithium-ion battery (LIB) is a …
Bus Door System Market Big Changes to Have Big Impact
Buses are considered as the most common mode of public transportation in almost every country across the world. Since the evolution of the public transport systems, buses have had a strong place in mass transportation segment. In addition, by considering the rise in global population coupled with the transportation demand, the buses are witnessing progress …
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Turret System Market Big Changes to Have Big Impact
The turret system consists of a turret assembly which is integrated into a vessel and permanently fixed to the sea bed by means of a mooring system. The turret system contains a bearing system which allows the vessel to rotate around the fixed geostatic part of the turret, which is attached to the mooring system. …
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Loan Origination Software Market: Global Industry Analysis, Potential Growth, Key Players and Latest Trends Forecast 2023–2032
Loan origination software enables small and medium-sized financial institutions such as community banks, credit unions, or regional banks to manage the digital lending process. It permits users to create and manage lending campaigns, loan applications, reviews, and other applications.
Passenger Vehicle Steel Wheel Market – An Emerging Hint of Opportunity
Wheel is an essential part of a passenger vehicle, which are required to be tough and handle the weight of the car as well as the pressure caused by the axle. The steel wheel is a component which rotates and transmits the power from the engine for the movement of the vehicle. Tires are mounted …
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Passenger Car Laser Headlight Market Next Big Thing | Prominent Companies
Laser headlights are the components used in a passenger car for illuminating the road surface to increase the safety& security, and also to avoid the risk of collision.Passenger carlaser headlights mainly involve of laser diodes and a phosphorous lens. Thereby, an innovative technology which is used in the passenger carsand offers high energy efficiency with …
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Car Insurance Market: Global Industry Analysis, Potential Growth, Key Players and Latest Trends Forecast 2023–2032
Car insurance provides customers with final protection against physical damage caused by traffic collisions and vehicle theft. It also covers the costs of injuries, death, or property damage caused by the insured driver of the vehicle to another driver, vehicle, or property such as a fence, building, or utility pole.
Light Commercial Vehicle Laser Headlight Market Worth Observing Growth
Laser headlights are the components which are used in a light commercial vehicle for illuminating the road surface to increase the safety & security of the vehicle, and also to avoid the risk of collision. Light commercial vehicle laser headlights mainly involve the laser diodes and a phosphorous lens. Furthermore, laser is an innovative technology …
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Inertial Navigation System Market by 2030 Top Winning Strategies
An inertial navigation system is a navigation system which is used to calculate velocity, gravitational force, and directional orientation of a moving object. Inertial navigation system includes motion sensors, accelerometers, and gyroscopes. The gyroscope measures the angular velocity of an object such as drones, ships and aircraft using sensors, whereas the accelerometer measures the degree …
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