Jaipur, India --- (METERING.COM) --- September 10, 2007 - Genus Overseas Electronics Ltd has introduced a RFID-based contactless smart card prepayment (pay as you go) meter, which it says will assist utilities with revenue collection and help customers manage their energy use more efficiently.

Many distribution companies in India have already introduced, or are planning to introduce, a prepayment system for certain customers at least, and the market potential in the country is expected to grow significantly. Several prepayment pilot projects have already been launched, with good results.

In addition to the meters themselves Genus will provide a total system, including vending stations, servers and the necessary software.