Mastercard, Visa to roll out transit payment innovations

Mastercard has announced a partnership with mobility data platform Kisio to streamline transit ticketing by embedding Mastercard payment and security technology into Kisio’s trip planner.

Kisio, a subsidiary of public transport operator Keolis, joined Mastercard’s City Possible initiative, which seeks collaboration around smart city projects. According to an announcement from both companies, cities from the network will be invited to join a Mobility-as-a-Service (MaaS) platform that integrates payment and local transit information in the coming months.

Separately, Visa said it would support India’s National Common Mobility Card, an all-in-one payment card that works on public transportation, railways, parking and retail, according to a report in LiveMint.