Together with Kostika Stralla, Senior Product Manager at Computop, Henning Brandt talks in this episode about the future of payment in public transport. The future of public transport has already begun in many parts of the world.In many parts of the world, the future of public transport has already begun. Cities like London, Tokyo and New York are leading the way: Paper tickets, but also proprietary cards of network operators are becoming a thing of the past.

All that passengers will need to carry in future is a credit card or a smartphone. Mass Transit Transaction is the name of the technology that enables entering stations and managing payment on the fly, along with numerous advantages for customers and companies alike.

Time codes:

1:00 - What are Mass Transit Transactions

3:44 - Closed Loop vs. Open Loop

6:00 - Known Fare Transaction and Pay as You Go

9:26 - Cheaper journeys through intelligent billing

12:00 - Advantages for consumers

15:16 - Advantages for public transport companies

18:21 - Hardware requirements and infrastructure

19:44 - Implementation of popular smartphone payments

21:30 - Requirements for Mass Transit Transactions

24:50 - Scalability

26:20 - Interoperability between public transport companies

28:00 - Summary