New York’s Metropolitan Transportation Authority said Wednesday that it has rolled out contactless-payment capabilities at Penn Station, part of the agency’s plan to reach 85 subway stations by the end of the month and all 472 stations by the end of next year.
“The adoption by New Yorkers first and foremost has just blown away our expectations,” Dan Sanford, Visa Inc.’s V, -0.22% global head of contactless payments, told MarketWatch. He said that contactless uptake is accelerating, as the agency notched its first million taps in the initial three months of the rollout has been speeding up the pace since then. The agency looks on pace to add its newest million in a span of three weeks, he said.
“In particular, small-ticket payment types, coffee, newspaper,... transit.. they’re sort of persistent categories or types of payments that continue to be made in cash,” Mastercard President Craig Vosburg said at a recent Citi investor conference. “Contactless is very effective at migrating them onto the card.”
Public Transportation coming up to the new age
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