PayiQ Launches its First Branded Application in Russia

PayiQ has released its first branded application for replenishment of transport cards using Faster Payments System in Russia. Now it is possible to top up transport cards in the city of Ryazan using the mobile app “UmKA Smart Card”. 

Following the integration of the Faster Payments System in December 2020, in just 3 weeks PayiQ teamed up with local partners GetFare, ATOL Online and Gazprombank to implement a project to replenish a transport card in a branded mobile application based on the PayiQ TaaS® platform. Now public transport passengers in the city of Ryazan can replenish their account to pay for travel with a transport card, buy monthly passes, check their card balance and top up history, receive notifications and news from the operator all with their smartphones. The application allows topping up multiple transport cards, which is very convenient for a family. 

The Faster Payments System (FPS) was chosen as the only payment mechanism for the application – being the most effective one for the operator. The advantage of this payment method for the passenger is the possibility to choose any bank application installed on the user’s smartphone, as long as the selected bank supports FPS. Money is credited to the operator’s account immediately after the passenger authorizes the transaction. 

“We are always looking for the best and most convenient solution for our passengers. Having our own application for replenishing transport cards with the possibility to scale and add other functions along the way provides our users with a one stop-shop opportunity. In addition to replenishing transport cards and seeing their history of their purchases, passengers can also keep abreast of our news, promotions and notifications. With the development of digital payments, we keep up with the times and provide passengers with a handy tool that can be used literally on the go!”, says Elena Zurnacheva, Executive Director of LLC “Resources of Partners Ryazan”. 

“We are pleased to present our first branded app on the Russian market that will be well recognized by passengers. Previously, we had the experience of replenishing Troika (Moscow) and Podorozhnik (St.Petersburg) transport cards using our own PayiQ Tickets application. However, branding the app for better customer recognition is a more effective strategy. The solution is easy to scale, so further deployment of mobile tickets and digitalization of payment and validation processes in transport will be possible in a short time” concludes Elena Lipchenko, Regional Director of PayiQ in Russia and the CIS. 

Read the original article on PayiQ’s webpage.

Awake.AI Awarded by Frost & Sullivan for Redefining Maritime Logistics

Awake.AI’s multimodal platform  enables real-time collaboration, planning and optimisation for sea-port-land actors

LONDON, UK — 15 March — Based on its recent analysis of the European maritime logistics market, Frost & Sullivan recognizes Awake.AI with the 2021 European Entrepreneurial Company of the Year Award. Its open and collaborative digital platform enhances maritime logistics by integrating stakeholders operating in sea, port, and land logistics. It funnels the discrete data from their operations, drives shared and transparent communications, and offers accurate predictions for informed decision-making.

“Awake.AI’s collaborative AI platform expedites ports’ and terminals’ transition to connected operations, aiding smarter operational decision-making,” said Suriya Anjumohan, Senior Industry Analyst. “With a reliable data flow, Awake.AI reinvents port logistics operations management by offering a virtual infrastructure and connected process governance for maritime logistics industry participants. Its scalable digital solutions, strong port ecosystem partner network, and commitment to amplifying digitized port operations established it as a trusted, smart port ecosystem orchestrator.”

In 2020, Awake.AI launched Smart Port as a Service™ to address maritime logistics operation supply chain challenges. These include operational delays due to resource and capacity management inefficiencies and supply chain congestion. The platform enables open information-sharing among collaborating partners and provides accurate predictions to save users time and cost. Its virtual infrastructure brings distributed and siloed port logistics operations together in a neutral AI-driven open platform.

Awake.AI’s Smart Port as a Service™ model, with its pay-per-use pricing flexibility, offers significant value in the current environment by eliminating the need for high upfront investments. The company aims to lead the industry’s migration to intelligent maritime logistics operations with the help of ecosystem partners and build its brand through industry alliances. Awake.AI’s machine learning-based solution for ports accelerates logistics planning and offers accurate estimations of vessel arrival and departure times.

“Awake.AI’s smart port platform enables maritime logistics industry participants to future-proof their operations with sustainable and intelligent operations,” noted Anjumohan. “Its scalable solutions powered by AI and machine learning models, with real-time, trusted information channels and a robust partner ecosystem, support its role as an integrated port ecosystem orchestrator.”

Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in devising a strong growth strategy and robustly implementing it. The recipient has shown strength in terms of innovation in products and technologies, leadership in customer value, as well as speed in response to market needs. The award looks at the emerging market players in the industry and recognizes their best practices that are positioned for future growth excellence.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success.


Claudia Toscano
P: 210.477.8417

About Awake.AI

Awake.AI is a software platform company building an ecosystem for smart ports and shipping. Awake.AI’s mission is to lead the transition to sustainable and intelligent maritime logistics and reduce global shipping emissions with our ecosystem partners. The platform is the first of its kind, built from the ground up to accommodate seamless collaboration within the entire maritime logistics chain by sharing situational awareness and providing AI-supported predictions for future planning. The API’s and applications built on top of the Awake platform are available for customers and third parties using the subscription business model.

Learn more about Awake.AI

Media contact:
Justina Li
+358 50 462 3977
Read the original publication on Frost & Sullivan web page and press release from Awake.AI.

E-Book: Smart and Clean Mobility Solutions from Finland

Quick actions are needed to limit global warming increasing to 1.5 degree Celsius. Finnish companies are helping the world accelerate towards a new era of sustainable mobility with smart, safe and efficient transport services and solutions.

The new eBook by ITS Finland, Intelligent Transportation Society of Finland, gathers information about the Finnish innovation and development culture, mobility companies and the mobility ecosystem around sustainable transportation as well as presents the possibilities that cities and multiple test beds have to offer for the foreign transportation actors interested in the Nordic markets.

In the eBook you learn

  • how Finnish technology know-how enables development of innovative mobility services
  • what makes the Finnish business culture so supportive of experimenting
  • how the Finnish mobility ecosystems create a one-of-a-kind environment for new businesses
  • what kind of test bed opportunities Finland has to offer
  • how the Finnish cities support launching and developing new mobility services

Read the eBook here.

eBook: New Space Economy in Finland

The New Space scene is forming rapidly in Finland covering small satellites, satellite subsystems and components, satellite data based services, software, security and connectivity as well as research and education. 

Finnish space expertise comprises cutting-edge space and atmospheric research as well as competence in electronics and software used in space components. Finnish companies and research organisations have participated in the design and preparation process for dozens of satellites, both in European Space Agency (ESA) projects and with international partners.

Business Finland has published a new eBook: New Space Economy in Finland. The New Space Economy landscape is a tool for international customers to take a quick overview on Finland’s expertise, and a handy way for Finnish players to get to know each other.

Read more about the eBook on Business Finland’s web page.

Business Finland New Space

E-Book: Mixed Reality Solutions from Finland

The Mixed Reality offering puts together the best Finnish Virtual and Augmented Reality know-how in various industries and research.

Mixed Reality changes every industry, e.g. automotive, education, training and maintenance. This offering is a tool for international customers to take a quick overview on Finland’s Mixed Reality expertize, and a handy way for Finnish players to get to know each other. The eBook covers:

  • Simulation and surveillance
  • Planning and Design
  • Training
  • Maintenance
  • Gaming and Entertainment

In addition to companies, the offering presents Finnish Mixed Reality research and operators. The Mixed Reality solutions from Finland offering is prepared by Business Finland.

Download the eBook on Business Finland’s web page.

Business Finland Mixed Reality Solutions from Finland


FUAVE makes top drone research available in society

The use of unmanned aerial vehicles (UAVs), or drones, is increasing rapidly. The goal of the multidisciplinary FUAVE research consortium is to establish a new research, development, and innovation partnership network to support the development of Finnish knowledge base and business related to the unmanned aviation of the future and its applications.

‘Our vision is that controlled test areas form the basis of the sustainable development of unmanned aviation and its applications. These test areas should act as Living Lab environments in urban or rural areas, providing a one-stop-shop for unmanned aviation research, business and applications,’ says Research Professor Eija Honkavaara, director of the consortium, from the Finnish Geospatial Research Institute (FGI) of the National Land Survey of Finland.

The Finnish UAV ecosystem, or the FUAVE consortium, is building a sustainable base for the development and use of test areas. These test areas can then be used as platforms for the development of safe and weatherproof UAVs and sensors. They also enable the development of scaled aviation solutions for urban and rural areas. As the number of drones and other UAVs is only going to increase, safe traffic solutions must be built for them.

‘The project’s ambitious goal is to develop operations by launching a test area network covering the whole of Finland. The network includes Linnanmaa in Oulu, Jätkäsaari in Helsinki, Helsinki-East Aerodrome in Pyhtää, OuluZone, Kemijärvi and the Sjökulla test field in Kirkkonummi,’ says Project Manager Kimmo Paajanen from Oulu University of Applied Sciences.

Paajanen is responsible for the development of test area operations in urban areas in the project.

Joint development between stakeholders

FUAVE is developing the ecosystem and operating models around the test areas. Concrete actions include networking and joint development between stakeholders, the development of operating principles for test areas in urban and sparsely populated areas, and demonstrations of top technology and commercial applications in the test areas.

‘More than 20 companies and organisations have given their commitment to the project, and the ecosystem already includes more than 100 partners through various networks. Together with our partners, our goal is to build and innovate new accomplishments for drone operations that have an impact on Finland as a whole,’ says Hannu Karvonen, Senior Scientist at VTT Technical Research Centre of Finland Ltd, who is responsible for stakeholder activities in the project.

Partners of the FUAVE consortium include, for example, 6G Flagship, FCAI and UNITE, scientific spearheads of the Academy of Finland.

The consortium strengthens the societal impact of research

FUAVE received funding of roughly EUR 1.7 million from the Academy of Finland. The project will be carried out between 2020 and 2022. Other members of the FGI-led research consortium are VTT Technical Research Centre of Finland Ltd, Oulu University, Oulu University of Applied Sciences, and South-Eastern Finland University of Applied Sciences.

The project’s funding is part of the Academy of Finland’s special funding, which supports research-based partnership networks where universities and public research institutions build networks with businesses to strengthen the societal impact of high-quality research.

Read FUAVE’s publication here and find more information about test areas in Finland!

E-Book: Smart Automotive and Mobility Solutions from Finland

Data is the new fuel powering vehicles. As cars become more digitalized and connected, car manufacturers have to supercharge their vehicles with new technologies and fresh ideas. No wonder Finnish companies are already driving on this fast lane to the future.

Finland has introduced countless technologies and digital services to the world. In fact, Finns are renowned for creating user-driven solutions and sought-after technologies, in large part due to their holistic understanding of digitalization and the entire digital value chain.

Business Finland gathered the Finnish top tier mobility players into one eBook Smart Automotive and Mobility Solutions from Finland. Read the eBook here.

Business Finland Smart Automotive

New video from Finland: Fintraffic Traffic Vision 2030

It’s the year 2030. Finland has the safest, smoothest and most environmentally friendly traffic in the world.

Fintraffic provides traffic information in Finland that helps companies to create new traffic and smart mobility solutions for people and goods. In the new video Fintraffic introduces their vision and how the Finnish transportation system will work seamlessly in the future.

Check out the new video:



Ministry of Economic Affairs and Employment publishes National Battery Strategy 2025

The evolution of battery technologies and electricity production has made it possible to move towards low-emission transportation. In addition to the traffic, electrification is progressing in all fields of society. As the share of renewable energy increases, energy production becomes cleaner and more distributed. At the same time, the variation in production in different time periods increases. In order to match the production and consumption of electricity, the market needs to become more flexible and more and bigger energy storage solutions will be needed.

National Battery Strategy 2025

The task of the working group appointed by Minister of Economic Affairs Mika Lintilä in June 2020 was to prepare a battery strategy for Finland in order to strengthen the innovative environment of the battery sector, accelerate Finland’s sustainable and low-carbon economic growth and support the achievement of climate objectives in transport.

The working group proposes seven objectives for the strategy period 2021–2025: growth and renewal of the battery and electrification cluster, growth of investments, promotion of competitiveness, increased international awareness of the strategy, responsibility, definition of key roles in the sector’s new value chains, and promotion of circular economy and digital solutions.

In order to achieve these objectives, the working group proposes the following measures: promote cooperation through a national cooperation body, expand the competence of the sector, strengthen international contacts, develop an environment conducive to investments, promote responsibility within the sector, strengthen the brand and communications about the sector, and develop funding.

The Battery Strategy outlines the measures that can help Finland become an internationally important actor in the battery and electrification sector. The preparation of the strategy reinforced the perception among the authors that achieving the objective is possible but there is no time to lose.

Read the full publication the Finnish Ministry of Economic Affairs and Employment here.

Fortum expands its EV battery recycling operations with a new mechanical processing plant in Finland

In conjunction with the launch of Finland’s national battery strategy, Fortum announced in January 2021 the further expansion of its battery recycling operations. In February 2021, Fortum will open a new mechanical recycling processing plant located in Ikaalinen, Finland. The new plant, which is expected to employ up to 20 employees, will complement Fortum’s existing hydrometallurgical pilot facility in Harjavalta, Finland, which is already capable of operating on an industrial scale.

The world will increasingly need sustainable raw materials for EV batteries, as the electrification of cars is rapidly increasing the need for the valuable materials and chemical elements that batteries contain, such as lithium, nickel, cobalt and manganese. In addition, a recent EU directive proposal will also require improved collection targets, higher recovery rates and the increased use of recycled raw materials in new batteries.

Fortum, a leading European energy company, is committed to engage its customers and societies to decarbonise and to help them in decreasing their environmental footprints. Moving forward, CO2-neutral societies will rely on battery technology. Fortum has been developing new and increasingly efficient ways to optimise the entire lifecycle of lithium-ion batteries for several years now and aims to further expand its battery operations in the coming years. Partnering with industrial and infrastructure customers is one of Fortum’s strategic priorities.

“Our new plant in Ikaalinen will enable us to leverage our existing recycling operations in Finland and will give us the annual capacity to recycle approximately 3,000 tonnes of used batteries, corresponding to about 10,000 EV batteries,” says Tero Holländer, Head of Business Line Batteries at Fortum. “We aim to steadily increase this capacity in the coming months and years in order to bridge the raw materials gap faced by the automotive industry with the electrification of transportation. Providing recycled and sustainable raw materials for batteries will bring significant value not only to our partners and customers but also to Finland’s battery industry, which is well poised to take the lead in the supply chain for EV batteries.”

The global lithium-ion battery recycling market was worth about EUR 1.3 billion in 2019, but it is expected to boom in the coming years to more than EUR 20 billion. According to a forecast by the International Energy Agency, the number of electric vehicles on the world’s roads will increase from three million to 125 million by 2030.

Many current operators that recycle battery metals often do so by smelting, which results in lower material recovery rates and higher emissions. In order to recycle used lithium-ion batteries efficiently, safely and with the lowest possible CO2 footprint, Fortum has taken an approach that includes using both mechanical and hydrometallurgical methods for the recycling process; this approach can reach a recovery rate of up to 95% of the metals included in the valuable active materials of a battery’s black mass.

Fortum’s unique mechanical recycling process has been optimised to complement the hydrometallurgical process and has been designed to minimise emissions and dust. During the process, used EV batteries are shredded and the metals are separated to create a black mass. This black mass is then delivered to Fortum’s processing facility in Harjavalta where a hydrometallurgical process is applied to create new recycled raw materials that can be used in new battery products.

Read Fortum’s press release here.