Article Highlights

Key Takeaway:

Budapest public transit operator BKK will launch a pilot of open-loop payments on its airport shuttle bus line early next year, a project that involves Mastercard. The payments scheme would like to seed open-loop payments in Hungary, among other Central and Eastern European countries,  probably with sponsorship money, along with other assistance.

Key Data:

Mastercard gave significant funds to PTOs in both Milan and Rome, which launched open loop in 2018 and 2019, respectively. The funds were believed to amount to around €5 million (US$5.1 million) for Milan operator ATM and roughly €4 million for ATAC in Rome.

Organizations Mentioned:

• BKK (Budapest)
• Mastercard
• Monet+/Switchio
• K & H Bank

Budapest public transit operator BKK will launch a pilot of open-loop payments on its airport shuttle bus line early next year, a project that involves Mastercard.

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