Visa, Municipality of Greater Amman and AVID launch contactless digital payments
By Leandra Monteiro
Visa signed a memorandum of understanding (MoU) with the Municipality of Greater Amman to implement secure, contactless payment technology solutions across the fully integrated Amman Bus Rapid Transit (BRT), operated by Amman Vision Investment & Development (AVID).
Visa cardholders will enjoy the speed and convenience of contactless digital payments during commutes by using credit and debit cards to pay for travel on BRT rides.
Commenting on the MOU signing, Leila Serhan, Visa’s Senior Vice President and Group Country Manager for North Africa, Levant and Pakistan (NALP), said, “We are delighted to work with the Municipality of Greater Amman and AVID to accelerate the adoption of contactless fare systems in the Jordanian capital. Visa has launched more than 650 urban mobility projects around the globe, and our experience shows that partnerships with the public sector on high-impact projects help bring robust digital-payment infrastructure and world-class services that improve lives across cities. We look forward to leveraging Visa’s global network and expertise in open loop contactless payments to modernize fare collection systems, improve passenger experiences through frictionless transit and enhance connections between individuals, businesses, and governments.”
H.E Dr. Yousef Al-Shawarbeh, Mayor of Amman, Chairman of Amman Vision Transport (AVT) said, “At Amman Vision for Transport, we proactively work to create opportunities for international companies to become part of Jordan’s growth story. The new partnership with Visa will scale up and improve the capital’s public transport network, as well as enhancing traveler’s experience and boost customer satisfaction. This will support our main objective to increase public transport usage in Amman.”
The project, powered by Network International and Kentkart, is aligned with Visa’s global efforts to help improve urban mobility by offering commuters fast, convenient payment options that improve their transit experience. Contactless payment solutions help commuters save time by avoiding the need to pre-purchase a ticket or stand in line to reload their fare card. The project aims to support the Municipality of Greater Amman and AVID in helping to streamline fare collection, reduce operational costs and boost ridership through an improved customer experience.
IBSi Daily News Analysis
January 16, 2024
Amman Bus Rapid Transit
Egypt among top remittance recipient countries in 2023: World Bank
Read MoreIBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage