AF Payments Inc. (AFPI), the operator of the beep card system used in Metro Manila’s train lines, has appointed Remigio “Jojo” Carpio Jr. as its new president and CEO. He takes over from Jonathan Juan “JJ” Moreno, who led the company during a period of growth and expanded partnerships in public transport.
Carpio is the fourth executive to hold the top post at AFPI since its founding in 2014. The company was formed through a joint venture between the Ayala and First Pacific groups after securing a 10-year agreement with the Department of Transportation (DOTr) to manage the Automated Fare Collection System (AFCS) for LRT-1, LRT-2, and MRT-3 under a Public-Private Partnership project.
“I am honored to take on this new role at such a pivotal time for AF Payments, and would like to assure our customers, partners, and stakeholders that I will build on the momentum we’ve achieved and lead the company toward a sustainable future,” said Carpio. “I envision that future to be continuously powered by smart mobility, inclusive innovation, and a commitment to creating lasting impact for the communities we serve.”
Carpio joined AFPI in 2017 as Service Delivery Lead and gradually moved up to key roles, including head of Rail Services and Special Projects, chief rail operations officer, and, most recently, chief operating officer.
He has more than 30 years of experience in technical and leadership positions in both local and global organizations. His background covers areas such as engineering design, service delivery, project management, and transport payment systems. He has also worked with both public and private sector partners to improve commuter services through technology.
“As our existing Concession Agreement with the Department of Transportation nears its conclusion and discussions on a possible extension take shape, I remain confident that AFPI is well-positioned to play a critical role in the future of mobility in the Philippines,” said Moreno. “Under Jojo’s leadership, I trust that AFPI will stay true to its mission — leveraging technology to enhance the commuting experience while maintaining the strong partnerships that have brought us this far.”
AFPI is expanding beyond fare collection to offer wider mobility solutions, serving not only commuters but also transport operators, merchants, and government agencies.