Muvo card, a new public transport smartcard powered by South
Africa-based lender Standard Bank and developed by its innovation
arm Beyond Payments, is preparing
to pilot a contactless payments system for the bus network in
Durban, South Africa.
Alongside Beyond Payments, Muvo card is being delivered in
partnership with South Africa’s National Department of Transport
(NDoT) and transport IT specialist Almex.
Go deeper with GlobalData
Muvo card will tap MasterCard’s pre-authorised
debit system and Paypass NFC technology. It will have no monthly
charges.
Muvo card aims at enabling commuters to pay
for their trips by tapping their cards against the electronic
ticketing devices installed on the buses.
Users will be able to buy Muvo cards and load
them with money at ticket-selling kiosks along Durban’s city bus
route, and they can also be topped up remotely.
A six week pilot is planned to roll out in
February 2012, covering 23 People Mover buses before the technology
is expanded through the entire Durban Transport fleet April
onwards.
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By GlobalDataCEO of Beyond Payments, Herman Singh, said
that the most significant aspect of being able to use a contactless
electronic wallet on Durban’s public transport network is the fact
that it will be the first access to a banking product, offering low
costs, for millions of South Africans.
