Article Highlights

Key Takeaway:

Lisbon is latest European capital to launch open-loop payments, with the Lisbon Metro introducing the service recently. The operator of the four-line subway targets occasional riders with its new contactless service.

Key Data:

But Visa is providing more than just technology for the project. Industry observers say it’s not uncommon for Visa, like rival Mastercard, to provide funding for open-loop projects, including footing the bill for at least some of the capital costs.

Organizations Mentioned:

• Lisbon Metro
Visa
Mastercard
Cybersource
• Indra
Littlepay
• Unicre

Lisbon is latest European capital to launch open-loop payments, with the Lisbon Metro introducing the service recently.

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