Italian payment services group SIA has signed an agreement with Venice’s public transport company AVM Holding to offer digital payments service on Vaporetto boats in the city.

The company will deliver Pax Italia-developed 650 Android SmartPOS terminals to the Vaporetto boat crew to accept such payments on-board. The passengers can use their payment cards and smartphones to pay their fare.

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The platform will also accept contactless payments and read Tessera Venezia Unica passes, valid for transport in Venice.

Expected to launch by the end of the year, the service is said to expedite ticket payment and issuing procedures.

AVM general manager Giovanni Seno said: “E-payments are now present everywhere at international level and with this initiative we make them fully operational for our entire navigation network.

“This project benefited from the significant collaboration of our IT division with SIA as a primary industry partner and is one of the elements of the technological development of AVM Holding as set out in the Investment Plan defined in agreement with the Municipality of Venice.”

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As part of the collaboration, SIA will also deliver a dedicated App Store to AVM. This app will enable the transport company to manage additional applications and services for boat passengers.

SIA marketing and sales director Eugenio Tornaghi said: “Venice is the second city in Italy, after Milan, where SIA has enabled residents and tourists to buy tickets electronically, thanks to technological innovation that aims to make also the processes of transport companies more efficient.”

Last month, office stationery supplier Supply@ME tapped SIA to launch a new fintech platform in an effort to optimise firms’ working capital.