Article Highlights

Key Takeaway:

Transit agencies, depending on their size, are being asked to spend hundreds or thousands to tens of millions of dollars to roll out open-loop payments. Is it worth it? A panel of experts weighs in.

Key Data:

Transport for London, which has seen use of contactless credit and debit cards and NFC wallets to pay fares soar to more than 60% of trips since fully rolling out the technology eight years ago. Other agencies have seen open-loop adoption rates only in the low single digits.

Organizations Mentioned:

• Transport for London
• Transport for NSW
• Octopus 
• EasyCard
• Littlepay
• Calypso

 

 

There’s little doubt that open-loop payments is the highest profile trend in the fare-collection industry.

CLOSE

This premium content is only available to subscribers

Article has about1577words.

To keep reading, subscribe todaysubscribe 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.

See Options