fintechJuly 20, 2020
Visa Expands Contactless Payments for Public Transport to 500 Cities
Visa has expanded their contactless payments system for public transport to more than 500 cities around the globe; contactless payments have gone from nice to have to must have as payments look to become safer; 65 percent of cards are set to be contactless by the end of 2020; “With open loop, contactless payments, riders can simply tap their contactless card or contactless-enabled mobile device at the terminal and ride,” the company said to business insider; Coronavirus has spread awareness of contactless payments especially in Europe and non-US markets, but popularity in the US has been comparatively low – as was the case with chip cards when first introduced. Business Insider.