Article Highlights

Key Takeaway:

New York’s Metropolitan Transportation Authority said contactless open-loop fare payments now make up around 16% of transactions. MTA will continue to roll out the new fare-collection system through 2023.

Key Data:

Riders have tapped their NFC devices and contactless EMV cards for more than 100 trips since the MTA launched the OMNY pilot in May 2019. Nearly 80% of the rides are on the massive New York City Subway system.

Organizations Mentioned:

MTA
Cubic

As New York’s Metropolitan Transportation Authority marked the two-year anniversary since launching the first phase of its high-profile OMNY open-loop fare payments rollout in May 2019, transactions continue to grow.

Riders were tapping for more than 17% of all rides on the authority’s massive subway system and for around 14% on the entire system, both subway and buses. That’s according to figures released by the MTA to Mobility Payments around mid-June. As of then, the agency said customers had tapped for a total of more than 93 million rides since the service launched.

This premium content is only available to subscribers

Article has about783words.

To keep reading, subscribe today

Get access to premium content from the only global publication devoted exclusively to mobility payments by subscribing today to the most authoritative source for news and analysis in the industry.