PayiQ and Ukrainian Symbol Transport Sign Partnership Agreement
Finnish smart ticketing forerunner PayiQ and Ukrainian software company Symbol Transport, a leading provider of automated fare collection systems, have signed a partnership agreement in early August 2022.
Collaboration framework will involve the launch of PayiQ’s virtual travel card in Ukraine as a part of a closed loop system. Virtual transport card is a cutting-edge technology product which will fill the market demand for an easy payment method on the go. It is a compelling alternative to plastic transport cards used traditionally in closed loop systems.
Symbol Transport for their part have an open loop EMV solution that allows contactless credit or debit card payments. The companies’ solutions will complement each other, offering both open and closed loop system for any international mass transit project that require bank card payments.
Read the original news from pay.net and learn how the new initiative takes steps towards digitalised and modern public transport.
