New AF Payments CEO Eyes Mobility Growth

AF Payments Inc. (AFPI), the operator of the beep™ card system and fare collection network for Metro Manila’s trains, has appointed Remigio “Jojo” Carpio Jr. as its new President and Chief Executive Officer.

Carpio succeeds Jonathan Juan “JJ” Moreno, who led AFPI during a period of growth, innovation, and expanded partnerships across the country’s mobility sector.

The leadership change marks a pivotal moment for AFPI, as Carpio becomes the fourth President and CEO since the company’s founding in 2014.

AFPI was formed by the Ayala Group and First Pacific Group after winning a 10-year Concession Agreement with the Department of Transportation to implement the Automated Fare Collection System (AFCS) in 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,” he added.

Since joining AFPI in 2017 as Service Delivery Lead, Carpio has steadily advanced through critical leadership roles, including Head of Rail Services and Special Projects, Chief Rail Operations Officer, and Chief Operating Officer.

With over 30 years of local and international experience, Carpio is widely regarded as one of the Philippines’ leading experts in automated fare collection systems and mobility technology.

His background spans information technology, quality assurance, engineering design, AFCS operations and maintenance, project management, service delivery, procurement, and technical consulting.

Carpio has worked extensively with public and private partners to drive innovation in transport and payment solutions.

“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,” he added.

Carpio steps in as AFPI broadens its services beyond fare collection to provide integrated mobility solutions for commuters, transport operators, merchants, and government stakeholders.

The beep™ card, used for trains, buses, modern jeepneys, tollways, and retail establishments, continues to be a cornerstone of AFPI’s mobility platform, with efforts underway to expand its digital services and interoperability features.

For more information about AFPI and beep™ products and services, visit beep.com.ph or follow beepcardph on Facebook, X, Instagram, and TikTok.