MasterCard and Masabi bring mobile ticketing to Athens transport system

Athens' public transport network is moving into the 21st century, ditching its current cash only fare system for a mobile ticketing platform from MasterCard and Masabi.

  4 Be the first to comment

MasterCard and Masabi bring mobile ticketing to Athens transport system

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The deal is the first for a new global partnership between MasterCard and Masabi, combining the former's payment technology with the latter's JustRide mobile ticketing platform.

Transport for Athens is switching its entire urban transit network from the current cash only system, enabling one million daily travellers to purchase and display tickets for immediate and future journeys through their phones.

The switch will help Transport for Athens to massively reduce its cost for handling cash, enabling new investments into its infrastructure and services, says Masabi.

Hany Fam, president, MasterCard Enterprise Partnerships, says: "By combining our expertise, MasterCard and Masabi are removing the friction that slows down how people move around, while also improving quality of life in cities and helping authorities to better manage population growth and urban development."

Sponsored [Webinar] Weathering Macroeconomic Headwinds: How should CFOs invest in Tech?

Comments: (0)

New Webinar Report – How far is the industry along its ISO 20022 for CBPR+ journey?Finextra PromotedNew Webinar Report – How far is the industry along its ISO 20022 for CBPR+ journey?