Canadian FinTech Mobeewave Helps Enable Contactless Transport Payment Solution For Australia Transit System

Sydney commuters can now ‘tap on and off’ all metro train services using their credit card or mobile device instead of their Opal card, thanks to an extension of the contactless transport payments trial run by Transport for NSW in partnership with the Commonwealth Bank, Cubic and Mastercard.

Since July 2017, commuters have been using their credit cards, smart phones, smart watches, and tablets to ‘tap and go’ on the Manly F1 ferry, before the trial was expanded to all public ferry and light rail services in March 2018. To date, more than 235,000 trips have been made using the contactless payments option.

The core payment infrastructure has been developed by CBA. The Commonwealth Bank also plays a key role as the acquirer, and back-end processor of the transactions.

All Visa, Mastercard and AMEX cards are accepted, and commuters using contactless payments will now also enjoy daily, weekly and Sunday travel caps in line with Opal caps. However, other Opal benefits such as the weekly travel discount, concessions and the transfer discount will not be available.

In an Australian-first initiative, CBA will leverage its ongoing and exclusive partnership with Canadian FinTech Mobeewave – pioneers in mobile contactless payment acceptance – to allow transit officers to validate contactless payment fares using off-the-shelf devices. With the support of IDEMIA – a global leader in payment and identity solutions – Mobeewave has adapted its patented payment acceptance platform to create a new contactless validation solution that provides a cost-effective way to mitigate the risk of fare evasion.

The trial has the potential to be replicated to other transport networks across Australia.

For more information about the contactless transport payment trial visit transportnsw.info. For more information about Mobeewave, please visit www.mobeewave.com

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