BIZ BUZZ: Beep welcomes 4th chief

The company behind the Beep cards you tap to pay for train rides has implemented a leadership transition.

AF Payments Inc., a consortium comprising Ayala and First Pacific group of companies, announced the appointment of Remigio “Jojo” Carpio Jr. as its fourth president and CEO.

He replaced Jonathan Juan Moreno, who steered the company “through a transformative period of growth, innovation and expanded partnerships in the mobility space.”

Carpio joined the company as a service delivery lead in 2017. He also worked as head of rail services and special projects, chief rail operations officers and chief operating officer.

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“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 said.