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Panel Discussion: Open Loop & Closed Loop: Choosing the right approach for your riders and you

19 Nov 2024
  • What is the business case for open payments, does it really increase ridership, removes friction and attracts different groups?  
  • Is there a need for closed loop at all? How about the unbanked customers and those who don’t want to use bank cards? Does open loop replace the inclusive nature of a closed loop system?
  • Which costs should agencies rolling out open-loop payments be prepared for?
Moderator
Simon Laker, Global Head of Mobility Payments - Consult Hyperion
Speakers
Bence Nagy, Head of Digital Channels - BKK Centre for Budapest Transport
Jit Ng, Payment Industry Interface Manager - Transport for London

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