Visa released new data on Thursday that found contactless transactions for transit fares increased 187% through the end of June, up from an all-time global low in April. The company now works with more than 500 cities globally to implement or expand contactless payment solutions.
To further engage in this trend, Visa announced a new global partnership agreement with Cubic Transportation Systems to “enable the delivery of next generation fare payments and new mobility solutions to Cubic’s customers based on Visa’s global payment standards and frameworks,” according to a company press release.
Visa also announced a milestone of 150 total partners in its Visa Ready for Transit certification program, up from 100 partners in October 2019. The Visa Ready for Transit program fosters collaboration with fare system solutions providers and consultancies to simplify transit agencies’ implementation of contactless fare systems.