How open payments are accelerating transport

Transit systems across the globe are having to adapt and embrace a new normal. Previously, a physical ticket would have been purchased using cash from a manned kiosk but nowadays, it is a very different story. Technological advancements, alongside open payments, have unlocked new possibilities across multiple industries. Furthermore, travellers are expecting more as part of their basic service.

The move towards a cashless society is quickly gathering pace. Cards and alternative payment methods (APMs) are now the norm, and the ways in which these changes are affecting transit systems are far reaching. With that said, I’ll explore the payment trends, the key benefits of these developments and what travel operators need to know.

  • Payment Services

The technologies transforming fashion

Tech-savvy fashion houses are embracing the latest innovations to improve customers’ cyber-shopping experiences.

  • Tech trends

In-store invisible payments to rocket to $78 billion by 2022

Transactions completed by smart store payment technologies such as Amazon Go will reach $78 billion annually in the United States in 2022, up from $9.8 billion this year, according to a new study by Juniper Research.

  • Tech trends

83% of consumers want connected payments

Consumers are demanding new IoT ways to pay for goods and services, according to a study by Visa.

  • Tech trends