Article Highlights
Vilnius, the capital and largest city in Lithuania, is expected to contract for an open-loop payments system with a “cEMV-as-a-service” procurement model, a model starting to be seen elsewhere, as well. The transit agency serving Vilnius is likely to try to shift the risk of any new open-loop service to the vendor.
KKT in Klaipėda hired Estonia-based Ridango to set up and operate its open-loop service. Ridango will receive fees totaling a maximum of €1.4 million (US$1.5 million), according to tender documents. The contract will end when the cumulative fees reach this amount, whether the contract has lasted five years or not
• KKT (Lithuania)
• SI (Lithuania)
• Ridango
Vilnius, the capital and largest city in Lithuania, is expected to contract for an open-loop payments system with a “cEMV-as-a-service” procurement model–a model starting to be seen elsewhere, as well, Mobility Payments has learned.
Subscription Required
This premium content is only available to subscribers
Article has about883words.
To keep reading, subscribe today
Get access to premium content from the only global publication devoted exclusively to mobility payments by subscribing today to the most authoritative source for news and analysis in the industry.
