Providing contactless payment card
Digital security firm Gemalto is providing South Africa’s Standard Bank with a multifunction contactless payment card that allows users to pay for transit fares and other goods and services with one digital wallet (view press release).
Standard Bank’s customers can wave and pay at the gates of public transport stations in the city of Durban using the new MasterCard debit card, called the Muvo. Commuters can load funds into their cards at around 30 sales points throughout the city. The Muvo card complies with the requirements of the National Department of Transport (NDoT), which mandates the combination of payment and transport in one single application. It can also be customized to reflect the profile of individual public transport users, enabling NDoT to adapt its fares accordingly.
More than 100,000 cards have already been distributed to commuters in the Ethekwini Municipality of the city. Gabrielle Bugat, Senior Vice President at Gemalto said: “This is a new era of card convergence with multiple services increasingly being combined on a single product that maximizes convenience for the end user.”
Whitepapers
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