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.
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.
Transit Payments Company Head: Apple and Google Positioned to Take Bigger Piece of Payments Industry
The head of transit payments gateway and processor Littlepay said he believes that Apple and Google are well-positioned to take a “big bite out of the payment chain,” which could change their relationship with payments networks Visa and Mastercard from one of collaboration to one of competition.
Rome Latest Transit System to Launch Open-Loop Fare Payments; also Enables Monthly Passes with EMV Cards
Rome has become the second major city in Italy–and one of a small but growing number of large cities globally–to enable riders to pay transit fares with EMV contactless credit, debit and prepaid cards and NFC devices.