AF Payments Inc.

AF Payments Inc. is the product of a partnership between two of the country’s biggest conglomerates, the Ayala Group and First Pacific Group. Both conglomerates created a consortium known as the AF Consortium to participate in the bid for the Automated Fare Collection System (AFCS) project released by the Public-Private Partnership Center (PPP) of the Republic of the Philippines to be overseen by the Department of Transportation and Communications (DOTC). The AF Consortium brings together companies that have strong track records and experience in operating banking and payments, utilities, retail, telecommunications, and toll road businesses, focused on developing commuting efficiency and improving customer experience. The AF Consortium is composed of the following member companies: - BPI Card Finance Corporation - Globe Telecom - AC Infrastructure Holdings for the Ayala group - Metro Pacific Investments - Smart Communications, Inc. and - Meralco Financial Services Corp. for the First Pacific group