Singapore’s LTA Sees Strong Take-Up of Open-Loop Payments but has No Plans to End Closed Loop

Among concerns by the authority is that “EMV scheme owners” could raise fees, said an executive.

Story Label In-Depth by Dan Balaban Posted on January 18, 2023 (January 18, 2023) Posted in Open Loop Tagged Land Transport Authority

Singapore MRT

Tang

Article Highlights

Key Takeaway:

Since launching open-loop payments in 2019, Singapore’s Land Transport Authority has seen adoption grow to more than 30% of adult full fare trips, and the authority has eliminated single-trip paper tickets. But it has no plans to end its closed-loop program. Among concerns by the authority is that “EMV scheme owners” could raise fees, said an executive.

Key Data:

• Chart: Open-loop penetration with and without concessionary trips

• Chart: Share of open loop from cards and devices

Organizations Mentioned:

• LTA (Singapore)
• MTA (New York)

Since launching open-loop payments in 2019, Singapore’s Land Transport Authority has seen adoption grow to more than 30% of adult full fare trips, and the authority has eliminated single-trip paper tickets.

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