Recently a Beijing corporation signed agreement with Zhongxin Industrial Bank. It says that before June this year, 422 buses along 20 bus lines will start to use IC cards. For the time being, citizen holds a charged IC card to take on those buses. But the monthly ticket and cash purchasing ticket will be kept together for a long time...

The total investment of IC card program will be beyond RMB1 billion. It is estimated that the popularization of the card will increase 5% to 10% of the ticket income...