— Mobile ticketing is on the rise: 58% of agencies now support app-based fare payment. Europe leads, with 86% adoption. — Open-loop systems are growing fast, driven by goals of simplicity, ...

Open-loop systems allow banks, mobile money operators, fintech companies, and regulators to connect seamlessly, ensuring that individuals can send and receive payments across different networks ...

The Ajman Transport Authority, in collaboration with BPC, a global leader in payment solutions, has announced the launch of an open-loop and contactless payment system in public transport buses.

The country now has nearly 400 public charging stations, with further expansion planned for 2025. As charging infrastructure expands, EFT Corporation is pioneering payment innovation in South Africa’s ...

As South Africa's new energy vehicle market is fast expanding, and fintech company EFT Corporation is setting the standard for payment innovation by deploying a cloud-based, open-loop payment system ...

Eighty percent of agencies that have moved to open-loop payments can tie this adoption to an increase in ridership, he added — in some cases, as high as 10 percent over a two-year period.

Open-loop systems, such as those powered “by Visa and Mastercard, enable payments to flow from one bank to another through card networks.” These systems allow consumers to “use a single card ...

Combating Fraud in a Changing Landscape Open-loop fleet and mobility solutions face threats similar to traditional open-loop EMV card payment systems. These threats include: ...

The open-loop payments approach of New York's Metropolitan Transportation Authority drives higher use of credit and debit cards for a more diverse audience of riders who are helping to gradually bring ...