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. [...]
Earlier this month, Gothenburg transit authority Västtrafik launched open-loop payments, the fourth city in Sweden to do so, according to Vix Technology, the vendor that implemented the service on 4,500 upgraded validators on buses, trams and ferries in the...
Australia’s second largest state has hired U.S.-based Conduent to a 15-year, AU$1.7 billion (US$1.1 billion), contract to build and operate an account-based ticketing system that will include open-loop payments, the Victoria state minister for public...
Despite the growth of open-loop payments, closed loop will continue to play a necessary role for transit agencies, especially to accommodate the unbanked and underbanked and customers that don’t want to use their credit or debit cards to pay fares,...
The transit agency serving the city of Grand Rapids, Mich., became the latest in a small but growing list of agencies to launch open-loop payments in the U.S. [...]
Transit agency Storstockholms Lokaltrafik, or SL, in Stockholm launched what is believed to be the industry’s first rollout of white-label EMV cards for its closed-loop customers in September 2021. To date it has issued around 1.5 million cards, which...
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...
Open-loop payments is perhaps the hottest fare-payments technology around today. But getting reliable estimates on just how large the open-loop footprint is has proved to be difficult. [...]
Open-loop payments can improve the customer experience, helping transit agencies to win back customers in a post-pandemic world, while also reducing cash-handling costs and speeding up boarding times, according to a new report from the Brookings Institution,...
AVM, the Italian public transit agency that runs buses, trams, water buses and shuttles in Venice, plans to launch its open-loop payments service next fall after apparent delays, the agency said Monday, following official award of a contract as part of its...
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