Open Loop Ticketing
Open loop ticketing solution for Metro, Bus, Parking, etc.,
Open-loop ticketing is a fare collection system in public transportation that allows passengers to pay for their journeys using standard contactless payment methods, such as credit or debit cards, mobile wallets, or other NFC-enabled devices.
Unlike closed-loop systems, which require users to obtain and load funds onto transit-specific cards, open-loop systems enable travelers to use existing payment instruments, eliminating the need for separate transit cards.
Key Features of Open-Loop Ticketing
Convenience
Passengers can tap their contactless bank cards or mobile devices to pay for fares directly at transit entry points, removing the need to purchase or top-up a dedicated transit card.
Efficiency
By streamlining the boarding process and reducing reliance on cash transactions, open-loop systems can lead to faster passenger flow and decreased operational costs for transit agencies.
Cost Savings
Transit operators can reduce expenses associated with issuing and managing proprietary fare media, as well as maintaining vending machines and other infrastructure related to closed-loop
Security
Open-loop payments incorporate advanced security measures, such as encryption and tokenization, to protect users' financial information during transactions.
Scalability
These systems facilitate integration with various partners and can be expanded to new locations, supporting the development of unified ticketing platforms across regions or entire countries