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Article Highlights

Key Takeaway:

Open loop fare systems cost money and time to roll out and are not for every transit agency. On the other hand, they can save agencies operational costs and enhance convenience for customers.

Key Data:

• Table: Major open-loop projects worldwide, including launch dates, brand and wallet acceptance and whether they support ABT.

• Table: Pros and cons of open-loop and closed-loop payments.

Organizations Mentioned:

• Transport for London
• Land Transport Authority
• Metro (LA)
• Visa
• Mastercard
• Cubic
• Cubic
• INIT

While the Covid-19 pandemic has slashed transit agency budgets and delayed rollouts, it has accelerated the trend for the agencies to enable their customers to pay fares with contactless EMV credit and debit cards and other electronic payments.

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