New York’s MTA OMNY Service Continues to Grow as Agency Preps Further Rollout This Year
As New York’s Metropolitan Transportation Authority marked the two-year anniversary since launching the first phase of its high-profile OMNY open-loop fare payments rollout in May 2019, transactions continue to grow.
Riders were tapping for more than 17% of all rides on the authority’s massive subway system and for around 14% on the entire system, both subway and buses. That’s according to figures released by the MTA to Mobility Payments around mid-June. As of then, the agency said customers had tapped for a total of more than 93 million rides since the service launched.
OMNY Hits New Usage Milestone as Open-Loop Payments Rollout Continues
New York’s Metropolitan Transportation Authority, or MTA, says it continues to see steady growth of its open-loop fare payments service, OMNY, announcing 50 million taps by customers using NFC wallets and bank cards to ride the massive New York City Subway and the city’s buses.
Visa, Mastercard Forecast More Contactless Growth in U.S., Spurred in Part by New York Fare Payments Service
The heads of the two largest payments networks in the U.S., Visa and Mastercard, predict strong growth for contactless payments in the U.S., with Mastercard CEO Ajay Banga noting that 70% of U.S. Mastercard-branded cards in the U.S. are coming up for reissue over the next 12 to 14 months, and most of these cards will be issued with a contactless interface. A large number of Visa-branded cards will be reissued with a contactless interface during that period, as well.
New York’s OMNY Project Completes Major Milestone, as Transit Officials Point to Steady Growth in Adoption
New York's Metropolitan Transportation Authority's much-watched open-loop fare collection service, OMNY, has reached a milestone for acceptance in New York's premier borough, Manhattan.
Use of Contactless EMV to Pay Transit Fares Accelerating, According to Two Agencies
Two transit agencies, one large and one small, that began accepting contactless bank cards and NFC wallets to pay fares in recent months are reporting that use of the new payments services is accelerating among their customers.