The head of Taiwan’s largest transit and retail stored-value card contends that open-loop payments will not make a significant impact on the island nation, given Taiwan’s strong closed-loop card programs and the expense of rolling out acceptance for credit cards and credentials. […]
EasyCard Corp., Taiwan’s dominant transit e-purse, is not worried about fintechs taking away a significant share of its fare payments business and, in fact, is in talks to work with the country’s most popular e-payments fintech, Jkopay, the head of EasyCard said. […]
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. […]
A panel of industry experts squared off for a first-of-its-kind debate about the pros and cons of open-loop payments, tackling a range of issues–from whether transit agencies can completely eliminate their closed-loop programs in favor of open loop, to costs agencies should be ready to incur when rolling out the technology. […]
There’s little doubt that open-loop payments is the highest profile trend in the fare-collection industry. […]
While the move to open-loop fare collection by transit agencies gets a lot of attention, some major agencies have been shunning the idea of accepting bank cards for fares while expanding ways their customers can pay with well-established closed-loop fare cards. […]
EasyCard Corp. remains the dominant contactless stored-value card in Taiwan, boasting market shares of nearly three-quarters of transit fare payments and retail transactions nationally amid competition from three other contactless closed-loop cards that vie for transit and low-value retail transactions across the island nation. […]
While the Covid-19 pandemic has slashed transit agency budgets and delayed rollouts, it has accelerated the trend for the agencies to enable their customers to pay fares with contactless EMV credit and debit cards and other electronic payments. […]
Taiwan’s airport train service will begin accepting Visa- and Mastercard-branded credit cards starting in January 2020, making it the second mass-transit service on the island nation to support open-loop payments for fares. […]
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