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.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.