Foreign visitors may be able to use public transit with credit cards issued abroad

The South Korean government is pushing to develop a system that will enable foreign visitors to use credit cards issued ...

South Korea may soon let tourists use international credit cards for public transport

This convenience is expected to make South Korea even more attractive for international travellers, especially those planning ...
Forbes

Why The Push For Open-Loop Payments In Transit Could Backfire

Miroslav Katsarov is the CEO of Modeshift, a technology company bringing intelligent transportation to small- and mid-size transit agencies. Open-loop payments have emerged as a high-profile trend in ...
Railway Technology

What can we learn from TfL’s open loop success?

TfL combines open and closed loop systems, using Oyster Cards, contactless card payments, and NFC Google or Apple pay, alongside physical ticketing. Transport for London (TfL) has long been regarded ...
Finextra

Bridging the Gap Between Closed-Loop and Open-Loop Payments Systems

Payments ecosystems are often categorized as either closed-loop or open-loop systems, each with distinct advantages and limitations. Closed-loop systems, such as single-provider mobile wallets like ...