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Mastercard is seeking to gain a foothold in Vietnam for open-loop fare payments, helping to fund a launch this summer on 200 public buses in Ho Chi Minh City. Among other things, the payments scheme will enable an NFC virtual Mastercard-branded card.
In February, Visa renewed its MOU with the Ho Chi Minh City Dept. of Transport to develop open-loop technology. An earlier MOU yielded open-loop payments on only 50 buses in the city. According to an announcement of the renewal, the department said it is “aiming for a 20-fold increase, to 1,000 buses.”
• Mastercard
• Visa
• Vietbank
• Vidiva
Mastercard is seeking to gain a foothold in Vietnam for open-loop fare payments, helping to fund a launch this summer on 200 public buses in Ho Chi Minh City.
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