Don't Worry About Loose Change, DOTr Eyes More Cashless Payment Options
That's QR codes and NFC on smartphones and smartwatches.
(SPOT.ph) Commuters can look forward to a pure cashless experience as the Department of Transportation said it was looking to make payments available via QR codes, bank cards, and NFC on smartphones and smartwatches. No more worrying about loose change.
At the PITX south of Metro Manila, the DOTr and state-run Land Bank of the Philippines are testing a cashless payment system using EMV or Europay-Mastercard-Visa cards. If approved, this will provide a second option after the tap-and-go Beep cards.
ALSO READ: This Is Your Chance to Let It All Out: Gov't Seeks Public Inputs on Infrastructure
Where will cashless payments be implemented?
The DOTr said it would deploy cashless payment technology in buses, trains, and modern jeepneys.
The establishment of Automated Fare Collection Systems will allow the country to meet the global standards in cashless fare payments, said Transportation Sec. Jaime Bautista.