Does Closed Loop Have a Future as PTOs Look to Open Ticketing Systems?
Subscribe To Read This InsightBy Sam Gazeley | 1Q 2021 | IN-6089
Looking to TfL to Light the Way |
NEWS |
The transport ticketing market is seeing a gradual upheaval of long-standing technologies and proprietary systems in favor of an open model, placing the end user’s convenience and choice as a priority. However, rollout of closed-loop systems are still very much underway in cities across the globe. So, is it the end of the line for the closed-loop card, or is it full-steam ahead in another closed format?
Transformative technologies—such as acceptance of contactless payment cards at transit gates and shifting fare calculation and account management to the back office through account-based ticketing—are seeing a swift uptake in many developed Western urban transport networks. The global COVID-19 pandemic has brought with it varying degrees of social-distancing requirements and lockdowns, making mass transit with its high-density format and close proximity to others a no-go for governments looking to reduce transmission rates at th...
You must be a subscriber to view this ABI Insight.
To find out more about subscribing contact a representative about purchasing options.
Service
ABI Insights Featured This Week
-
Siemens Energy Launches AI SIEM for Industrial Internet of Things
-
Wi-Fi Sensing: The Next Wi-Fi Technology to Benefit the Broadband Industry
-
A New Vision of the Cloud: Hyperscalers' Moves in Hybrid and Multi Cloud Deployment for IoT
-
Inmarsat Launches Velaris: Enabling the Full Potential of UAVs to Be Unlocked
-
CAPEX vs. OPEX Models for Private Networks: Why Renting is Not Always Better than Buying
©2021 Allied Business Intelligence, Inc. All Rights Reserved. This document is protected by US and International Copyright Law. No part of this document may be republished or entered into an information storage / retrieval system or database of any kind without the expressed written permission of ABI Research.