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Central Bank in Latin American Country Drives Nationwide Rollout of Open Loop; Can It Serve as a Model Elsewhere?

by Dan BalabanPosted on Posted in Open LoopTagged , ,
Costa Rica bus
In a first for Latin America and perhaps one of the only projects of its kind in the world, the Central Bank of Costa Rica is building a nationwide infrastructure for open-loop transit payments, as it seeks to ultimately eliminate cash on board its buses and...

Canada Lags Behind on Open-Loop Payments, but Interest Continues to Build, According to Major Acquirer

by Dan BalabanPosted on Posted in Open LoopTagged , , ,
Toronto-streetcar
When it comes to open-loop payments, Canada has been lagging behind, acknowledges Pasquale Pizzi, senior vice president for Moneris, a major processor and acquirer in the country. [...]

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Insight: Open-Loop Payments Exceed Expectations for Brussels Transit Operator

by Dan BalabanPosted on Posted in Open LoopTagged
Tram in Brussels
The major transit operator serving Brussels, STIB-MIVB, said riders have used contactless payments for nearly 5 million trips on its metro, buses and trams since launching the open-loop payments service in mid-2020. [...]

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Visa Reports 50 Open-Loop Launches and Strong Growth in Transactions for First Half of Fiscal Year

by Dan BalabanPosted on Posted in Open LoopTagged
Visa card at metro gate Genoa
Visa said 50 more cities globally introduced open-loop payments that included acceptance of Visa-branded cards and NFC wallet credentials during the six months ending March 31, though the payments scheme is believed to be including cities where agencies only...
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Public Transit Ticket Sales in Transit App Continue to Grow, though Make Up Small Share of Total Fare Revenue

by Mobility Payments StaffPosted on Posted in Mobile TicketingTagged
Using Transit app at vending machine in Dayton
The Transit app has recorded nearly 2.5 million ticketing transactions since it began enabling transit agency customers to buy tickets in its trip-planning app in 2019, the app provider told [...]

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