Recaudo Bogotá, Bancolombia and MasterCard have formed a partnership for the inclusion of electronic payments to Bogotá’s Integrated Public Transit System (SITP) with Bancolombia issuing Maestro debit cards with transit functionality.
The integration will allow passengers to use their debit cards as a means of payment on the SITP blue buses and TransMilenio Phase III articulated buses.
Bancolombia debit card will leverage chip and contactless technology powered by the support of MasterCard, with two applications contained within the same chip, one for payments at merchants and banking transactions, and "tullave" for the SITP payment.
Bancolombia Payments Vice President Liliana Vásquez said: "In addition to incorporating the functionalities of the transit and financial systems, this card offers our customers the ability to access payment without replenishing.
"Thus, you will be able to enter the transit system without the need to replenish the card at points of sale, since your fares will be deducted from your savings account in a process after use.
"The purpose is to strengthen plastic, making it a more complete customer tool, reducing queues and offering payment solutions at any commercial establishment authorized by MasterCard."