Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > CIPURSE Specification Chosen for Fare Collection Solution in Moscow’s Innovation Hub
    Top Stories

    CIPURSE Specification Chosen for Fare Collection Solution in Moscow’s Innovation Hub

    Published by Gbaf News

    Posted on June 5, 2018

    4 min read

    Last updated: January 21, 2026

    This image illustrates key insights from the Digital Marketing Software Market report, highlighting growth opportunities, trends, and consumer behavior from 2025 to 2032.
    Digital marketing software market growth insights and trends - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    01 June 2018 – Global technical association, OSPT Alliance, today announces that its open, non-proprietary CIPURSE™ standard has been selected for a new automated fare collection solution trial across Moscow’s Skolkovo bus route. The trial will provide a secure and cost-effective ticketing solution for travellers between Moscow City’s business district and the city’s famed start-up and innovation hub, Skolkovo.

    Utilizing the CIPURSE standard across the solution – including the card’s hardware and software, validators, and all ticketing vending machines – Elpass, a leading system integrator and transport ticketing solution provider in Russia, was able to realise a significantly reduced time to project launch and greatly simplified integration. The solution took just three months to develop and has already seen 1,600 cards issued and over 1,000 travellers welcomed in its first week.

    “Russia’s transport ecosystem is unique in both its scale and complexity. For us, adopting industry standards offers the time and cost efficiencies necessary to best meet the challenges of this rapidly expanding market. With such a quick turnaround for this project, the maturity of the CIPURSE standard in transport ticketing made it an obvious choice,” comments Mr. Ruslan Zavgorodski, President of the Board of Directors, Elpass.

    In addition to this initial trial service, Elpass hopes to extend this service into other regions across Russia. The CIPURSE Specification is built on proven standards, including ISO 7816 and ISO/IEC 14443-3, and utilizes AES encryption, ensuring its resistance to typical attacks. Fully form factor agnostic, the standard offers an advanced foundation for developing secure, interoperable and flexible mobility solutions.

    Mr. Zavgorodski continues, “CIPURSE’s interoperability and high level of security was central to our selection, too. Not only did it simplify the development of this end-to-end solution, but it offers us a platform to expand the solution easily, with guaranteed operational soundness.”

    Philippe Martineau, President of the OSPT Alliance Board, adds: “This trial is a perfect illustration of the growing popularity of CIPURSE across Russia and the potential open standards can deliver in such a large market.

    “For players like Elpass with growing domestic and international ambitions, CIPURSE empowers them to scale seamlessly with these aspirations, uninhibited by high integration costs and complexities. Serving Skolkovo’s innovative, tech-savvy commuters seems the fitting place to begin a trial and we look forward to continuing to support the adoption of our standard across adjacent regions and beyond.”

    01 June 2018 – Global technical association, OSPT Alliance, today announces that its open, non-proprietary CIPURSE™ standard has been selected for a new automated fare collection solution trial across Moscow’s Skolkovo bus route. The trial will provide a secure and cost-effective ticketing solution for travellers between Moscow City’s business district and the city’s famed start-up and innovation hub, Skolkovo.

    Utilizing the CIPURSE standard across the solution – including the card’s hardware and software, validators, and all ticketing vending machines – Elpass, a leading system integrator and transport ticketing solution provider in Russia, was able to realise a significantly reduced time to project launch and greatly simplified integration. The solution took just three months to develop and has already seen 1,600 cards issued and over 1,000 travellers welcomed in its first week.

    “Russia’s transport ecosystem is unique in both its scale and complexity. For us, adopting industry standards offers the time and cost efficiencies necessary to best meet the challenges of this rapidly expanding market. With such a quick turnaround for this project, the maturity of the CIPURSE standard in transport ticketing made it an obvious choice,” comments Mr. Ruslan Zavgorodski, President of the Board of Directors, Elpass.

    In addition to this initial trial service, Elpass hopes to extend this service into other regions across Russia. The CIPURSE Specification is built on proven standards, including ISO 7816 and ISO/IEC 14443-3, and utilizes AES encryption, ensuring its resistance to typical attacks. Fully form factor agnostic, the standard offers an advanced foundation for developing secure, interoperable and flexible mobility solutions.

    Mr. Zavgorodski continues, “CIPURSE’s interoperability and high level of security was central to our selection, too. Not only did it simplify the development of this end-to-end solution, but it offers us a platform to expand the solution easily, with guaranteed operational soundness.”

    Philippe Martineau, President of the OSPT Alliance Board, adds: “This trial is a perfect illustration of the growing popularity of CIPURSE across Russia and the potential open standards can deliver in such a large market.

    “For players like Elpass with growing domestic and international ambitions, CIPURSE empowers them to scale seamlessly with these aspirations, uninhibited by high integration costs and complexities. Serving Skolkovo’s innovative, tech-savvy commuters seems the fitting place to begin a trial and we look forward to continuing to support the adoption of our standard across adjacent regions and beyond.”

    More from Top Stories

    Explore more articles in the Top Stories category

    Image for Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Lessons From the Ring and the Deal Table: How Boxing Shapes Steven Nigro’s Approach to Banking and Life
    Image for Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Joe Kiani in 2025: Capital, Conviction, and a Focused Return to Innovation
    Image for Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Marco Robinson – CLOSE THE DEAL AND SUDDENLY GROW RICH
    Image for Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Digital Tracing: Turning a regulatory obligation into a commercial advantage
    Image for Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Exploring the Role of Blockchain and the Bitcoin Price Today in Education
    Image for Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Image for Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Image for PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    Image for A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Image for Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Image for Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Image for ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    View All Top Stories Posts
    Previous Top Stories PostPelican Group launches PelicanPay – an Interoperable Pan-European API Hub
    Next Top Stories PostLeading Appellate Litigator Harvey Sepler, an American Academy of Appellate Lawyers Fellow, Joins Miami Office