Mastercard, NSW Govt partner on smarter transport
Mastercard has teamed up with Transport for NSW to address future transport challenges around the state.
The aim is to deliver smarter cities through the launch of a Future Transport Digital Accelerator.
The partnership, which also includes CBA, Amazon Web Services, Optus and City Innovate Foundation, will explore transport solutions such as streamlining the end-to-end consumer experience by integrating different mobility models and reducing friction for both residents and visitors.
The partnership follows a successful pilot of Mastercard contactless payments on the F1 Manly Ferry, as well as a subsequent rollout of contactless transit payments across all Sydney Ferries and light rail services. During the trial Mastercard worked with Transport for New South Wales to ensure smooth implementation of the technology, facilitating more than 15,000 tap-and-go fare payments for card holders from more than 40 countries.
“Mastercard has a strong track record of improving people’s everyday experience. We are already working with more than 100 cities — including London, Singapore and Vancouver — to enable a seamless commute,” said Richard Wormald, Mastercard Division President for Australasia.
“We are truly excited to partner with Transport for New South Wales to leverage our insights, technology and expertise to co-create solutions that improve lives for residents and visitors.”
The contactless transit payment service delivered by Mastercard and Transport for New South Wales was the first of many innovations to make Sydney, and other cities, even more livable places.
“For Mastercard, the concept of ‘smart cities’ is not an end in itself, but a means towards improving the quality of life for all segments of society. Through our global standards, digital technologies, data insights and expertise, we will work with Transport for New South Wales to drive inclusive and sustainable urban growth,” Wormald said.
With so many people living, working and travelling to cities, many urban hubs around the globe are facing significant friction. To address these challenges in a more holistic manner, Mastercard recently introduced City Possible, a first-of-its-kind initiative bringing together cities with a united private sector. Corporate partners and cities around the world work together to co-develop, scale and commercialise urban solutions — ensuring that cities can benefit from each other’s learnings.
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