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Stock impact report

NXP Multi-Purpose Solution in Philippines Enables Consumers to Tap Popular beep™ Card for Payment at FamilyMart Stores and Transit Ticketing

NXP Semiconductors N.V. (NXPI) 
Last nxp semiconductors n.v. earnings: 4/27 05:00 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.nxp.com
Company Research Source: GlobeNewswire
METRO MANILA, Philippines, April 19, 2017 (GLOBE NEWSWIRE) -- NXP Semiconductors N.V. (NASDAQ:NXPI), today announced it will further its collaboration with AF Payments Inc., the company behind the contactless payment cards, beep™ cards in the Philippines, to add micropayment capabilities. The popular cards commonly used for transport ticketing in the Manila Light Rail Transit System Line 1 and 2, Manila Metro Train Transit System Line 3 and popular city bus routes, can now be used to pay at the FamilyMart convenience store chain, which is the second largest chain of 24-hour convenience stores in the world.According to Peter Maher, AF Payments Inc.’s President and CEO, since the card’s launch, more than three million beep™ cards have been sold, accumulating more than four billion Philippine peso (PHP) in transactions with 18 million taps in a single month (March 2017).“We chose MIFARE DESFire as the platform for our beep™ card because we had a bigger picture in our mind when kicking Show less Read more
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