Article Highlights
Open loop fare systems cost money and time to roll out and are not for every transit agency. On the other hand, they can save agencies operational costs and enhance convenience for customers.
• Table: Major open-loop projects worldwide, including launch dates, brand and wallet acceptance and whether they support ABT.
• Table: Pros and cons of open-loop and closed-loop payments.
• Transport for London
• Land Transport Authority
• Metro (LA)
• Visa
• Mastercard
• Cubic
• Cubic
• INIT
While the Covid-19 pandemic has slashed transit agency budgets and delayed rollouts, it has accelerated the trend for the agencies to enable their customers to pay fares with contactless EMV credit and debit cards and other electronic payments.
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