Bangkok Smartcard System (BSS) executes a contract to implement Vix ERG's MASS clearing house solution, the Australian company said in a statement released today.

BSS have secured a major component in developing its vision to direct Bangkok towards a cashless society, announcing Vix ERG as the partner for the design and delivery of a smartcard clearing house solution for micropayments.

The clearing house solution is based upon Vix ERG's MASS system which has been implemented in 11 cities in 5 countries around the world, most notably in Beijing, China where the system currently processes over 9 million transactions per day.

"The system will initially provide support for an integrated payments solution for the Bangkok Mass Transit System Company Limited (BTSC) and Bangkok Metro Company Limited (BMCL) transit systems.

Over time the system will be extended to provide support for other transit modes and to support micropayments generally in Bangkok," said BSS executive director Nelson Leung.

Vix ERG Chief Executive Officer Steve Gallagher is pleased with the deal.

"We are excited to be partnering with BSS on this project. The BSS smart card solution has the potential to positively impact not only transportation but the retail, tourism and service industries within Thailand," he said.