Mastercard has expanded its transit contactless solution, enabling residents and visitors in Valparaiso, Chile to benefit from speedier access to public transportation.
Mastercard has been partnering with cities and technology companies, helping them manage their logistics in a more efficient way.
Over the next few weeks, Valparaiso will enable contactless and mobile payments for transit. With this move, Valparaiso joins a group of 100+ cities around the world including London, New York, Singapore, Sydney, Rio de Janeiro, Bogota and Mexico City that offers residents and visitors the opportunity to access public transport seamlessly and swiftly.
Using the metro will now be a lot quicker and efficient without having to pre-pay for tickets. Instead, people can get on their way with a quick tap of their contactless cards.
Gilberto Caldart, president of Mastercard in Latin America and the Caribbean, stated: “Latin America is the most urbanised region worldwide, with around 80% of its population living in cities. While every city has its own characteristics, they are all dealing with similar problems such as road congestion and pollution. Cities across the region are looking for ways to modernise public transportation systems, making them more efficient and accessible to the population.
“It will take a collaborative and holistic effort from both the public and private sector to meet these challenges – and Mastercard is taking a leading role in making cities more inclusive.”
Mastercard highlighted that since the introduction of contactless payments across London’s transit system in 2014, almost half of all pay-as-you-go journeys on the city’s underground, buses and commuter rails are paid that way.
In Mexico City, the metro authority has just announced that 450 thousand contactless Mastercard debit cards are now available for sale in two metro lines, as part of the efforts launched in November 2017 to modernise the transportation system in the city.