Littlepay Set to Launch Hands-Free Payment Platform in Sacramento
Niko Pajkovic — September 8, 2021 — Business
References: littlepay & thefintechtimes
Contactless EMV solutions company Littlepay has announced that its transit payment platform will be used on the Sacramento Regional Transit District’s (SacRT) light rail network. The new platform will be rolled out in partnership with CalSTA’s and Caltrans 'California Integrated Travel Project' (Cal-ITP) in an effort to make travel experiences more efficient within the state.
This "tap and ride" system utilizes a modular API-based payment platform that can be integrated into already-existing transit infrastructure. In addition to prepaid cards, SacRT riders will also have the option to tap with their credit and debit cards, making the process of taking public transport both more accessible and flexible. “These devices allow someone to use the same form of payment for their light rail ride and their coffee, simply tap and ride," explains Henry Li, the General Manager/CEO of SacRT.
Image Credit: Shutterstock, Littlepay
This "tap and ride" system utilizes a modular API-based payment platform that can be integrated into already-existing transit infrastructure. In addition to prepaid cards, SacRT riders will also have the option to tap with their credit and debit cards, making the process of taking public transport both more accessible and flexible. “These devices allow someone to use the same form of payment for their light rail ride and their coffee, simply tap and ride," explains Henry Li, the General Manager/CEO of SacRT.
Image Credit: Shutterstock, Littlepay
Trend Themes
1. Modular Api-based Payment Platforms - The trend towards modular API-based payment platforms for contactless transit systems allows for easy integration into existing infrastructure and facilitates more accessible and flexible payment options.
2. Tap and Ride Systems - The tap and ride trend facilitates seamless and efficient payment for public transit riders and has the potential to be adopted in other industry sectors.
3. Contactless EMV Solutions - Contactless EMV solutions present multiple disruptive innovation opportunities in various industries, including transit payments, retail, and hospitality.
Industry Implications
1. Transit Payment Industry - The transit payment industry stands to benefit from the implementation of modular API-based payment platforms and tap and ride systems, allowing for more efficient and seamless payment experiences for riders.
2. Retail Industry - The retail industry could benefit from the adoption of contactless EMV solutions, facilitating easier and more secure payment options for customers.
3. Hospitality Industry - The hospitality industry could benefit from the adoption of contactless EMV solutions, facilitating easier and more secure payment options for guests and customers.
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