Mastercard to Use E-Wallet to Try to Gain Foothold in Vietnam for Open Loop
Mastercard is seeking to gain a foothold in Vietnam for open-loop fare payments, helping to fund a launch this summer on 200 public buses in Ho Chi Minh City. […]
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Budapest Transit Agency Confirms Mastercard Will Pay for Open-Loop Pilot but Won’t Say How Much
Mastercard is footing the bill for a large share of the cost to roll out and operate an open-loop payments pilot for Budapest transit agency BKK, but the agency won’t say how much the payments scheme is paying, Mobility Payments has learned. […]
Updated: Budapest Transit Agency to Launch Open-Loop Payments Pilot with Help from Mastercard
Budapest public transit operator BKK will launch a pilot of open-loop payments on its airport shuttle bus line early next year, a project that involves Mastercard. […]
Visa, Mastercard Forecast More Contactless Growth in U.S., Spurred in Part by New York Fare Payments Service
The heads of the two largest payments networks in the U.S., Visa and Mastercard, predict strong growth for contactless payments in the U.S., with Mastercard CEO Ajay Banga noting that 70% of U.S. Mastercard-branded cards in the U.S. are coming up for reissue over the next 12 to 14 months, and most of these cards will be issued with a contactless interface. A large number of Visa-branded cards will be reissued with a contactless interface during that period, as well. […]
Taipei Finally Agrees to Support Open-Loop Payments, though Service Could be Tough Sell to Regular Riders
The Taipei Metro, a major transit operator in Asia, plans to launch open-loop payments around 2025, Mobility Payments has learned. Taipei has been one of a dwindling number of the large cities that have resisted adopting the fare-payments technology. […]
Scottish Bus Operator Sees High Adoption for Open Loop, though Rate Doesn’t Include Generous Concessions
Transport for London isn’t the only transit agency in the UK seeing high adoption rates for open-loop fare payments. Among the others is Scottish bus operator Lothian Buses, which said its contactless penetration is nearing 60%. […]
Australian City Plans to Expand Open Loop to Entire Transport Network
Adelaide Metro, which serves Australia’s fifth largest city, plans to roll out open-loop payments throughout its transport network, including its most-used mode, buses. […]
Hong Kong Tramways Launches Open-Loop Payments, with Busy Metro System to Come
Hong Kong Tramways recently became the latest–and still one of the few–transit operators in Hong Kong to support open-loop payments. But more are coming. […]
Canada’s Largest Transit Agency Launches Open-Loop Payments Today
Canada’s largest public transit agency, the Toronto Transit Commission, or TTC, launched open-loop payments today on its buses, streetcars (trams) and four-line metro, after years of delays. […]
Lisbon Metro’s Open-Loop Project Gets Help from Visa, with Major Contribution from Payments Scheme
Lisbon is latest European capital to launch open-loop payments, with the Lisbon Metro introducing the service recently. […]
