The Victorian Department of Transport and Planning (DTP) has announced that Commonwealth Bank Australia (CBA) is a merchant acquirer for its next-generation public transport ticketing system roll-out.
The updates to the Myki ticketing system will allow Victorian bus passengers to tap on and off public transport with their card or smart device for the very first time.
CBA says this latest announcement builds on its appointment to the Victorian government Banking Panel in 2021.
“With the Victorian government’s announcement of planned improvements to the Myki system, Victorians, international and interstate visitors alike, will enjoy the simple, frictionless experience that contactless payments provide public transport users,” CBA group executive of institutional banking and markets Andrew Hinchliff says.
“We are excited to work with the Department of Transport and Planning to bring contactless payments to the state. Public transport is an integral part of daily life for many Victorians, so we are proud to play a part in improving the commuter experience.
“We have a longstanding commitment to innovation in public transport infrastructure, with CBA’s digital transit ticketing capability now underpinning every open loop contactless payment option used by public transport in Australia and New Zealand.”
As part of the new Myki contract and updates being rolled out on Victorian bus services, Victorians can pay for their services by paying either by card or with a digital wallet on a device.