Transport Payments Asia Pacific is the focal point for new developments and latest thinking in fare collection and revenue management for public and private transportation systems. Since 2006, this pioneering industry event has provided a platform for transit authorities, transport operators, ticketing schemes, financial institutions, e-payments companies and industry experts to learn about latest developments and discuss next-generation transport payments solutions that will support new mobility services.
From Ticketing to Transport Payments
The shift towards usage-based payments for journeys, rather than contract-based ticketing, offers advantages for both transport operators and their customers. The advantages of PAYG are also contributing to growing interest in accepting open-loop payments in transport systems. These global trends mean that the business of transport revenue collection now has more to do with transport payments and acceptance than it does with transport ticketing. The phrase “transport ticketing” will become outdated in a world moving towards new concepts such as on-demand transport and mobility-as-a-service.