Putting the sexy in public transit with open-loop ticketing

open-loop is the way
Open-loop payments

Urbanites have long enjoyed the simplicity, seamlessness, and security of contactless payments in their day-to-day retail interactions, so it should come as no surprise that they want a similarly modern and convenient experience as they move about the city on public transit.

Switchio Transport

Here we highlight 3 of the top sweeteners for passengers when transit agencies unleash the freedom and flexibility of open-loop (cEMV) ticketing.

A passenger experience for a modern lifestyle

Paper tickets had their horse-and-buggy moment a long time ago. For many tech-savvy urban dwellers, the replacement of paper ticketing with a modern cEMV platform represents a major upgrade to their overall user experience. 

No cash, no hassle, no waiting in line

Many passengers already have a bank card or virtual wallet with them everywhere they go. In today’s increasingly digital world, the idea of withdrawing cash and queuing up to buy paper tickets is out of fashion. 

Simple fares and control over the cost of travel

Open-loop payments let riders track what they’re spending on travel. Moreover, fare capping ensures they’re never overcharged, and it saves them from having to study confusing fare charts and prepaid card schemes.

Switchio is committed to giving the world’s commuters a modern fare payment experience in which their bank card becomes their ticket. Our modular platform lets transit agencies and integrators roll out contactless EMV acceptance with ease and minimal upfront cost.

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Monet+ is pleased to announce an exciting new collaboration between two of its key divisions, Switchio and ProID. Today, digitalization and security are key to success in most types of business. This partnership represents a major milestone in the company’s efforts to advance digitalization and security to new levels, with each division providing unique experience and expertise.
We’re thrilled to announce that our Switchio platform has gained the PCI P2PE Solution and PCI P2PE DMS Component validation, putting our company among only a handful in the world to offer a PCI P2PE-validated payment solution.