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General news

15 Nov 2017

GLOBAL CONTACTLESS TRANSIT PAYMENT PROGRAM FROM VISA

GLOBAL CONTACTLESS TRANSIT PAYMENT PROGRAM FROM VISA Credit card issuer Visa recently launched a new program designed to accelerate the use of debit, credit and pre-paid accounts at the fare gate or on a bus reader, speeding up and creating a more convenient experience for mass transit commuters worldwide. Background of this development was a Visa study which had found that transit agencies spend an average of 14.5 cents of every physical dollar collected, compared to only 4.2 cents for every digital dollar.



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