Making seamless transit possible
As cities look to evolve urban mobility, Public Transport Operators and Agencies need flexible payment solutions tailored to meet their unique needs, and exceed rider expectations.
At Mastercard, we’re bringing together an ecosystem of trusted partners worldwide to provide the core building blocks for public transport revenue processing systems.
Our trusted partners offer the following services:
Back Office
Gateway
Acquirer
Readers
Pre-paid & Private Label cards
Fare management and calculation solutions, and Account-Based Management for cities of all sizes.
A single interface that intelligently routes your debit and credit card transactions to financial institutions.
Financial institutions that collect and process transactions (taps), communicate with the riders’ issuing banks, and return the revenue to the agency or operator.
Hardware terminals for installation on gates or on vehicles, or hardware solutions to validate that users have correctly tapped their cards. These hardware providers deliver fully compatible EMV solutions and hardware that can process some other media types.
EMV-based solutions for physical and digital cards that replace the standard closed-loop cards used previously. This technology simplifies the process of all fare transactions in your public transport system.
Open Loop Payment in transit allows operators to realise the following benefits:
Reducing operating costs
Less cash handling
Fewer kiosks/ticket offices required
No top-up commissions by third-party agents
Increase rider satisfaction
Convenience of digital and mobile payments
Reduce time spent in queues at ticket offices or kiosks
Enables inclusiveness across commuter segments (e.g. concessions)
Frictionless experience for visitors
Eliminate barriers of use as visitors can use card/device they already carry
Remove confusion due to unfamiliar locations and ticketing structures
No currency or language challenge
Look for more information on Urban Mobility solutions here.