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Cabcharge Australia Limited is a provider of charge account and payment systems for cars and water taxis. The company offers the EFTPOS FAREWAY System, which is a mobile electronic payment system that enables passengers to pay fares electronically using debit and charge cards. Its systems are used in supermarkets, service stations, local shops and retail outlets. The company also offers systems that feature contact less smartcard readers. In addition, it provides taxi management systems used for the computerised maintenance and control of taxi travel expenditures.
Singapore-based ComfortDelGro is the world’s second-largest listed passenger land transport company. The company entered the Australian market with the acquisition of Sydney bus company Westbus, in partnership with Cabcharge Australia. In June 2008, ComfortDelGro increased its stake in Cabcharge to 7.5%, up from 5.0%. The deal came in the form of a share swap, with Cabcharge taking a 49.0% stake in a ComfortDelGro subsidiary, Cityfleet (UK) Pte Ltd. This effectively created a joint venture, known as ComfortDelGro Cabcharge (CDC), which has since expanded through acquisitions
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