back Back

Zindigi of JS Bank & Mastercard team up to enhance public transport in Karachi

By Gloria Mathias

August 11, 2023

  • Bus Fares
  • Digital Payments
  • Digital Ticketing
Share

Mastercard, One GlobalZindigi, powered by JS Bank, in collaboration with Mastercard, is set to revolutionize the mass transit system in Karachi.

Zindigi will launch a digital payment system driven by technology. In the initial phase, over 1 million customers will receive special Zindigi cards that offer a secure and effortless mode of payment for their public transportation needs. The prepaid, open-loop contactless cards can be used to pay for daily commutes with a tap.

Zindigi and Mastercard continue their contribution to redefining the way Karachi commutes and helping the city’s transit ecosystem go completely digital. Seamless integration with the existing metro bus ticketing system will allow passengers to use their Zindigi cards to pay for their bus fares, eliminating the need for physical tickets and reducing the waiting time at ticket counters.

The collaboration between Zindigi, and Mastercard represents a collective effort to digitize and streamline Karachi’s mass transit system to make public transportation more accessible, convenient, and efficient for the city’s population.

Noman Azhar, Chief Officer, Zindigi stated, “Zindigi has always been at the forefront of promoting a digitized economy, offering safe and secure digital payment solutions to its customers. This collaborative effort with Mastercard provides commuters with a unique payment experience, reducing the need to carry multiple cards. It also supports regular payments across retail and e-commerce through a single card.”

Mastercard’s global network and advanced technology infrastructure will create a robust foundation for Zindigi’s digital payment platform, facilitating seamless transactions and enhancing customer experience.

Selim Ergoz, Senior Vice President, Government Engagement, Eastern Europe, Middle East and Africa, Mastercard said, “Mastercard has been an architect of pioneering smart city and urban mobility solutions for over a decade. We have worked on more than 300 trailblazing mass transit projects worldwide. As public transport is often one of the areas where cash is used the most, we are committed to advancing innovation in this space by introducing digital alternatives.”

 

Previous Article

August 11, 2023

NAGA selects Rezolve’s AI ‘Brain’ technology to optimise payments

Read More
Next Article

August 11, 2023

Paddle announces Paddle Billing API set for SaaS companies

Read More






IBSi Daily News Analysis

Data privacy

July 16, 2024

Bus Fares

Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

JTL-Software and Mollie partner on e-commerce payments

Read More

Today

Slope raises $65m in equity and debt funding from J.P. Morgan & others

Read More

July 17, 2024

SWiM PAY launches new instant digital payments feature

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024