In order to provide contactless payments to public transportation.
In brief:
- The partnership aligns with the government’s aim to accelerate the overall digitalisation of payments and support digital inclusion
- Following this announcement, both companies will focus on enabling contactless acceptance of Mastercard cards in the Metro Rail Transit Line 3 and buses in the region of the Philippines.
- In addition, cardholders will be given the possibility to tap their prepaid, debit, or credit Mastercard cards on public transport without the need to purchase separate tickets for entry.
What does this mean?
“Mastercard’s mission is to power a digital economy that benefits everyone, everywhere, by making payments safe, simple, smart, and accessible. This partnership with Beep will help enhance the commuting experience for all Mastercard cardholders. From reducing queues at peak hours to removing the need to carry multiple transit tickets or cash, cardholders will be able to use the same payment methods they already use for everyday spending,” said Simon Calasanz, Country Manager, Philippines, Mastercard. “What’s more, it also supports the government’s goal of driving financial and digital inclusion—improving the delivery of public services through innovative payment technologies.”
