Article Highlights

Key Takeaway:

In a first for Latin America and perhaps one of the only projects of its kind in the world, the Central Bank of Costa Rica is building a nationwide infrastructure for open-loop transit payments, as it seeks to ultimately eliminate cash on board its buses and trains. The aggressive push would leapfrog the country over a closed-loop payments infrastructure.

Key Data:

Table: Costa Rica’s open-loop rollout–key points

Organizations Mentioned:

• Central Bank of Costa Rica
• INCOFER (Costa Rica)
Littlepay
SC Soft
Visa
Mastercard
Cal-ITP

In a first for Latin America and perhaps one of the only projects of its kind in the world, the Central Bank of Costa Rica is building a nationwide infrastructure for open-loop transit payments, as it seeks to ultimately eliminate cash on board its buses and trains.

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