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HomeFintechMarqeta chosen by MasterCard as companion of selection for Transport for NSW

Marqeta chosen by MasterCard as companion of selection for Transport for NSW

Marqeta, the worldwide fashionable card issuing platform, have introduced an revolutionary new transport partnership. Marqeta was named because the cost processor of selection for Opal Plus, the brand new transit program for Transport for NSW (TfNSW), in partnership with Mastercard Pay as you go Managed Companies (MPMS). The New South Wales authorities is introducing Opal Plus, a Mobility as a Service app throughout the Opal system, which permits subscribers to plan, guide and pay for a tailor-made commuter expertise instantly from their cell gadgets.

In June 2022, the New South Wales authorities introduced its dedication to improve TfNSW’s Opal card system by investing roughly $AU 568 million, which can intention to allow quicker and extra handy transportation throughout the state. As one in every of these initiatives, the Opal Plus app will initially run as a trial for 12 months for a choose 10,000 folks and can streamline providers like rideshare, e-bike and scooter leases, taxis and parking. Constructing on MPMS and Marqeta’s partnership, clients will have the ability to bundle and pay for private and non-private transport providers and plan their journey throughout a number of transport choices, multi functional app.

“Client expectations for his or her transportation suppliers are rising and Transport for New South Wales needs to revolutionize the best way we journey in New South Wales, by offering customers with end-to-end journey administration. With Marqeta’s fashionable card issuing and processing platform, together with their partnership with MPMS, we now have extra flexibility to supply new, revolutionary transit options which have the end-consumer in thoughts,” stated Kurt Brisset, Govt Director of Transport at NSW.

This partnership is one in every of Marqeta’s first within the transit vertical, displaying the pliability of its fashionable card issuing platform and talent to assist revolutionary new use instances. Leveraging Mastercard’s processing community, Marqeta will assist TfNSW develop its transit program past its public transport community into different transit suppliers. Prospects will have the ability to faucet on and off with their cellphone or smartwatch utilizing their digital pockets which is linked to their Transport Join account, the central hub that permits customers to entry rewards and hyperlink their Opal playing cards to view contactless cost exercise.

“We’re getting into a brand new period of transportation, one which’s been affected by COVID-19 and the huge digital transformation in funds,” stated Anita Yarrow, Vice President at MPMS. “Our partnership with Marqeta combines Mastercard’s established community relationships with Marqeta’s revolutionary platform and brings them to customers throughout New South Wales. We’ve seen the ability of contemporary card issuing and the way it brings new, versatile improvements to market quicker, and we’re excited to do the identical within the transit vertical for TfNSW.”

“As one of many TfNSW’s companions on this launch of Opal Plus, Marqeta has the platform scalability to assist convey digital-first funds options to thousands and thousands of transit customers within the area,” stated Duncan Currie, Nation Supervisor of Australia and New Zealand at Marqeta. “Marqeta’s deep experience in card issuing and processing will probably be instrumental in serving to TfNSW efficiently launch this revolutionary new program.”



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