In-Depth: Despite New York’s Skewed Early Figures, NFC Wallets Still Make Up Relatively Small Share of Open-Loop Transit Payments

By:

Dan Balaban

NFC TIMES Exclusive – When New York City transit officials announced Tuesday that the 1 millionth ride paid for through their new OMNY open-loop payments service had arrived ahead of schedule, they also proudly noted that 80% of the contactless payments had come from NFC wallets, not physical bank cards.

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