With consumers using their phones for nearly every aspect of their lives, they increasingly expect to be able to pay with their phones. 15% of current mobile wallet users say they regularly leave their physical wallets at home.
Understandably, public transportation operators worldwide are shifting toward mobile payment solutions.
Open-loop technology makes it possible for users to access flexible payment options, making them more likely to use public transport. Open-loop payment systems mean that operators no longer need to issue fare media or maintain a card sales infrastructure.
Open-loop technology makes it possible for users to access flexible payment options, making them more likely to use public transport. Open-loop payment systems mean that operators no longer need to issue fare media or maintain a card sales infrastructure.
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