On Track Innovations receives order for 6,000 advanced payment systems in Russia

|About: On Track Innovations Ltd. (OTIV)|By:, SA News Editor

On Track Innovations (OTIV +5%) announces that it has received a significant order for more than 6,000 advanced payment systems for use in Russian rail ticketing systems.

The systems are due to be delivered in 2Q19.

OTI delivered 11,000 cashless payment systems to Russia in 2018 and expects a higher rate of deliveries in 2019.

Subscribe for full text news in your inbox