AF Payments Inc. (AFPI) has renewed its maintenance services contract with FINSI for the Automatic Fare Collection System (AFCS) infrastructure at LRT Lines 1 and 2, and MRT 3.
The continuation of this business partnership underscores the shared commitment of both companies to provide timely, cost-efficient, and customer-responsive services to Manila’s light rail network, pursuant to AFPI’s obligations to the rail-based AFCS Concession Agreement (CA) with the Department of Transportation (DOTr).

Left to Right: Chona Christine Basilio (AFPI CFO), Remigio Carpio Jr. (AFPI President and CEO), Mharicar
Castillo-Reyes (FINSI President and CEO), Xerxes Jonash Sta Ana (FINSI General Manager)
“Since 2018, we have built our cooperation with FINSI and its parent company, ASTICOM in the spirit of mutual trust to serve our clients the best way we can”, says AFPI President and CEO Remigio “Jojo” Carpio Jr., adding “we are confident that FINSI will continue with its value-adding services to fulfill our obligations to our rail stakeholders.”
“We are excited to strengthen our alliance and continue powering AFPI’s operations with high-impact workforce solutions that drive growth and efficiency. Here’s to another chapter of meaningful collaboration as we shape smarter, more connected experiences for commuters and communities across the country,” says Mharicar Castillo-Reyes, President and CEO of FINSI.

Renewing a service-oriented partnership: APFI’s Chief Finance Officer, Chief Executive Officer, FINSI President and CEO, and FINSI General Manager signs the renewal contract (July 14, 2025)
About AFPI and FINSI
As a consortium formed by the First Pacific and Ayala Group of companies, AF Payments Inc. (AFPI) has pioneered contactless payment and automated fare collection technology in Philippine public transport network with the launch of the smart, contactless beep™ card in 2015. AFPI has since helped transform and innovate the payments landscape; ushering in an era of speed, convenience, and enhanced security in public transport and beyond.
FINSI provides end-to-end services and industry-specific solutions to various service-oriented businesses and other industries, including customer, building, installation, and maintenance services. FINSI is a subsidiary of the Asticom Group of Companies, a leading digital first shared services and outsourcing company.






