Supporting Concessionary Discounts with Open Loop ‘Remains a Challenge’

Offering discounts for seniors, disabled persons and others is an important fare policy for most transit agencies. But to date, few agencies have been able to support these discounts with open loop.

Story Label Exclusive by Dan Balaban Posted on June 22, 2023 (July 6, 2023) Posted in Open Loop Tagged Concessionary discounts, Land Transport Authority, Transport for London

Singapore-Concessions-EZ-Link

Article Highlights

Key Takeaway:

Offering discounts for seniors, disabled persons and others is an important fare policy for most transit agencies. But to date, few agencies have been able to support these discounts with open loop.

Key Data:

• Chart: Transport for London-Open-Loop share

Organizations Mentioned:

• Transport for London
• Land Transport Authority
• MTA (New York)
• Kentkart
• MST (Monterey-Salinas)

While more and more transit agencies globally are enabling their customers to tap credit and debit cards and NFC wallets to pay fares, there are obstacles limiting growth.

Subscription Required

This premium content is only available to subscribers

Article has about1812words.

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.

Subscription Options

Already a member? Log in here