Cubic Transportation Systems’ Post

OVpay case study - National Tap to Ride in the Netherlands, by Visa and Translink "In June 2023 the Netherlands introduced OVpay as a check-in and check-out ticketing solution in urban mobility. It is one of the first transit open-loop ticketing solutions in the world operating at a national level. All consumers need is their plastic or virtual bank card on their smartphone or smartwatch." Interesting weekend read about payment as enabler for easy access to public transport! #mobility #mobilityasaservice #mobilitysolutions #fintech #payments #netherlands  

 Exciting news! I've discovered a super convenient and secure way to make payments - NFC Pay! 💸💳 With just a simple tap, I can now make hassle-free transactions using my smartphone or smartwatch. 📲💼 Bye bye cash and cards, hello convenience! 😎💰 No more fumbling for the right change or worrying about card details being stolen. NFC Pay utilizes near field communication technology to allow seamless payments, making my life a whole lot easier. 💪🌟 Whether it's grabbing my morning coffee ☕, paying for groceries 🛒, or splitting the bill with friends 👫👭, NFC Pay has got me covered. With increased security measures like fingerprint or face ID authentication, it's as safe as it gets. 👌🔒 Join me in embracing the future of payments! 💫✨ Say goodbye to digging through your wallet and hello to effortless transactions. Download the NFC Pay app and start tapping away today! 📲💳💥 #NFCPay #seamlesspayments #convenienttransactions #embracingthefuture #byebyecashandcards #keepitsecure #mobilepaymentrevolution

Hey connections! 🌟 Today, I’ve been diving into User Experience research on cashless payment systems in public transport, and I came across OMNY (One Metro New York) 🚇 The OMNY system uses Near-field Communication (NFC) for contactless payments, greatly enhancing the User Experience by allowing a seamless flow of commuters. 🌐💳 With OMNY, you can use Credit Cards, Debit Cards, and Digital Wallets. Just tap and pay with your smartphone, a wearable, or a contactless card to cover your fare. 📱💸💼 OMNY scanners make it easy to pay by simply tapping your card or device. It’s become highly adopted in New York, with over 1 billion taps recorded since its launch! 🗽🚀 In conclusion, the success of OMNY highlights the significant benefits of adopting cashless payment systems in public transport. By streamlining transactions and reducing friction for commuters, OMNY sets a strong example for other cities looking to modernize their transport payment methods. 🌍✨ #UserExperience #research #cashlesspayment

We're excited to support Centro - Central New York Regional Transportation Authority with their roll out of open payment!   Open payment has the opportunity to help transit agencies to streamline their operations, reduce costs, and increase ridership and revenue.   Learn more about how open payment works and how it can support your transit agency by reading our white paper: https://lnkd.in/gd6TbDvC

𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 (𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐) South Korea payments market size is projected to exhibit a growth rate (CAGR) of 7.2% during 2024-2032. The growing demand for efficient cross-border payment solutions, increasing reliance on electronic payments for online shopping, and rising utilization of smartphones with the ease of internet facilities represent some of the key factors driving the market. 𝐆𝐫𝐚𝐛 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅: https://lnkd.in/e5-UfMum 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬 ● 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐒𝐡𝐢𝐟𝐭 𝐚𝐧𝐝 𝐂𝐨𝐧𝐯𝐞𝐧𝐢𝐞𝐧𝐜𝐞: Rising preference for digital payments due to convenience, speed, and reduced reliance on cash, fueled by smartphone use and internet penetration, is driving the market. ● 𝐂𝐨𝐧𝐭𝐚𝐜𝐭𝐥𝐞𝐬𝐬 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐚𝐧𝐝 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲: Growing adoption of contactless payments for hygiene reasons, alongside secure solutions like NFC and QR codes integrated with online gateways, are shaping the market. ● 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐁𝐢𝐨𝐦𝐞𝐭𝐫𝐢𝐜 𝐀𝐮𝐭𝐡𝐞𝐧𝐭𝐢𝐜𝐚𝐭𝐢𝐨𝐧: Government initiatives promoting cashless transactions and the increasing use of biometric authentication methods for enhanced security are propelling market growth. 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://lnkd.in/evrwZYcu #paymentsmarket #marketresearch #business #marketanalysis #markettrends #researchreport #marketreport #marketforecast #marketgrowth #businessinsights #industryanalysis #marketoutlook #growthprojections #marketstatistics #competitiveanalysis #trendanalysis #marketinsights #imarcgroup

🚨 Quick Trade Alerts & Chatroom Insights 📲 💬 Radar Decipher Chatroom: Get firsthand trade info like I do. Fast and efficient! 🕒 Shortened Alerts: UJ = Dollar/Yen. Keep alerts brief for quick updates on your smartwatch. Just a glance, and you're in the know. 📉 ⚠️ US Oil Trade: Fib pattern caught my eye, but there are warning signs. Be extra cautious ⚠️. It’s okay to look, just label it to remind yourself to trade carefully. #ForexTips #TradingAlerts #RaynLim #CautiousTrading #SmartwatchAlerts

Nexi Group have recorded an 88% INCREASE in the value of in-store mobile payments and smartwatch transactions in Italy 📲 🇮🇹 📈 💶 Reesearch by the Innovative Payments Observatory of the School of Management of the Polytechnic of Milan also showed that mobile-based payments increased by 78% overall in Italy last year, reaching a value of 29 BILLION euros 👨💻 Commenting on the latter point, Emiliano Imbimbo, Head of Digital VAS of Nexi Italia, said: “Nexi has seen further significant increases in the number of innovative card-based payments made by consumers in Italy over the last couple of years. This 41% increase, added to rises from the previous two years (+53% in 2022 and +50% in 2021), demonstrates how Italians prefer these solutions for their smartphone purchases both in physical stores and online.” Find out more on the link below! 👇 #nexi #mobilewallet #digitalwallet #cardpayments #mobilepayments #paymenttechnology #paymentsinnovation

Who else found themselves digging for forgotten PINs at Sainsbury's this weekend due to the sudden payment glitch? 🙋♀️ I'm one among many who've grown accustomed to the convenience of contactless payments and rarely carry cash or physical cards. 📱Ipsos UK Financial Research Survey (FRS) reveals that I'm not alone - 85% of current account holders and 77% of credit card holders have used contactless tech in the last month. Even more interesting, a growing number (33% and 23% respectively) are leaving their cards at home and opting for their phone or wearable device for transactions. However, let's not lose sight of the fact that a significant section of society is still trying to catch up with this technological leap. Plus, concerns about the potential impact of contactless payments on effective budgeting and spending control are very real. So, it begs the question: Are we truly prepared for a fully cashless society, or do we need to put on the brakes a bit? #ContactlessPayments #DigitalTransformation #FRS #FinancialResearchSurvey

⭕💯 NFC vs. QR Code Payments ❗❗ 🛑 NFC Payment: The Power of Contactless Technology 🥇 Allows users to make transactions by simply tapping their smartphones or contactless cards on NFC-enabled payment terminals 🛑 QR Code Payment: The Simplicity of Scanning 🥇 Relies on scanning QR codes displayed on payment terminals or presented by merchants 🎯 NFC payment and QR code payment each have their strengths and limitations, it is likely that they will coexist as the best payment methods in 2024. 🎯 The widespread adoption of NFC payment will continue to grow, driven by the increasing availability of NFC-enabled devices and payment terminals. 🎯 At the same time, QR code payment will maintain its popularity, especially in markets where cost-effectiveness and compatibility are crucial. 🎯 As the mobile payment landscape evolves, it is essential for users, merchants, and industry stakeholders to embrace both NFC payment and QR code payment, ensuring a diverse and inclusive payment ecosystem that caters to the needs of all. #NFC #QR CODE #MOBILE PAYMENTS #POS