​Eftpos to fast-track Tap ; Pay function to cash in on public transport market

Eftpos tries to activate the tap. Payment technology for public transport in Australia. Tuesday announced that availability in buses, trains and ferries will increase.

The company launched a dedicated technical and commercial team to develop production capacity to financial institutions in Australia, as Eftpos' Stephen Benton CEO said in April 2019.

The new transport team will also focus on deploying Eftpos Tap. The company showed that payment was made with other types of unmanned payment devices such as pay and display machines and vending machines.

"Because click-through payments are being introduced in the Australian transport system, it is essential to include the Eftpos debit so that all Australians can access this technology and use their money instead of credit. .

This announcement follows Eftpos's survey, which showed Australian commuters prefer to pay shipping costs at Eftpos throughput. Among the 1,500 commuters surveyed by Eftpos, Eftpos said debit was preferred for 37% of respondents.

The company believes that transportation is a natural advancement after the company.

Australia is one of the countries with the highest utilization rate of contactless payment. Mastercard reports that the Tap and Go PayPass function is used in about 80% of face-to-face transactions. The same applies to Visa, 92% of human transactions on the Visa network are using the PayWave service.

In Australia there are 960,000 Eftpos terminals, and one of the world's most expensive POS devices.

Prior to signing a $ 50 million Australian Aegean Transport Agreement last month in New South Wales, Cubic Transport Systems acquired an Australian contract of $ 370 million to upgrade the Queensland ticketing system.

Cubic currently offers identification to the state and is also a provider of opal public transportation system in New South Wales.

At the WT Wearable Technologies conference in Sydney in December, members of the evaluation committee who chose the Cubic to expand Opal with CEO of The Initiatives Group Rans Blockley said that the cubic meets some of the requirements It was …

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