Under the agreement, Standard Bank customers can use the new MasterCard debit card to wave and pay at the gates in the public transport stations, without needing to carry cash or a separate travel card.
The Muvo card complies with the exacting requirements of the National Department of Transport (NDoT), which mandates the combination of payment and transport in one single application. It can also be customized to reflect the profile of individual public transport users, enabling NDoT to adapt its fares accordingly.
In recent news, Gemalto has partnered global financial services provider Standard Chartered Bank to roll out a display card service in Singapore.
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