Article Highlights

Key Takeaway:

Three major transit agencies that accept open-loop payments globally are seeing more than half their contactless trips paid for with NFC mobile wallets.

Key Data:

Chart: Mobile-wallet penetration in London, New York and Sydney

Table: Contactless Penetration in London, New York and Sydney

Chart: Transport for London, fare payment methods, 2023-24

Organizations Mentioned:

• TfL (London)
• MTA (New York)
• TfNSW (Sydney)

Figures from three of the largest transit agencies accepting open-loop payments show that NFC wallets are becoming the most common way customers tap their credit and debit cards to pay, Mobility Payments has learned.

New York’s Metropolitan Transportation Agency, Transport for New South Wales in Sydney and Transport for London are seeing

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