Sberbank of Russia : Sber, Moscow Government, and Government of Moscow Region to set up transportation JV

During the Transportation Week 2020, which is being held between November 16 and November 20, Sber, the Moscow Government, and the Government of Moscow Region have announced the establishment of a JV called SberTroika.

The new JV is expected to help modernize the transportation industry, making fare payments and transit pass replenishments convenient, easy, and digital.

Kirill Tsaryov, Deputy Chairman of the Executive Board, Sberbank:

'Thanks to our new joint venture with Moscow, SberTroyka, we will keep developing modern services in the transportation industry, which is one of the most important social areas. The first large-scale project of this JV will be an interregional fare collection system - a unified ticketing system - in Moscow and Moscow Region. We are set to launch the project as soon as early next year. Our long-term partners from the Moscow Government and the Government of Moscow Region and we are sure that the future belongs to innovative technologies that will make the life of all residents of the capital and Moscow Region easier and more comfortable.'

An important part of the implemented solutions is providing support to the population using the Social ID technology, which includes special conditions for fare payment using a bank card on public transport.

Furthermore, during the Transportation Week 2020 Sber, Visa, Sber ecosystem's Settlement Solutions, and Moscow Transport have presented innovative fare payment and passenger count solutions for public transport.

For the first time, stakeholders have presented the Troika card reading technology using the equipment installed on public transport vehicles in Moscow Region. The service will become available to Moscow Region passengers in early 2021.

Also, an MTT technology has been demonstrated for the first time, which allows carriers to deliver a wide range of flexible fares, including fixed fares, multimodal fares, and time-based and distance-based fares, as well as the calculation of the most favorable fare for a certain period. To do this, passengers don't need to buy a transit pass or replenish a virtual wallet in advance.