Transit cards are a type of contactless smart card technology that enables easy pay for fair. They are easy to use, work by simply passing along information from a processing device to a reader on a transit system. This information includes the cardholder's name, address, and contact information. The major benefit of this type of card system is that riders do not need to carry an actual card with them every time they ride the bus or train, saving both time and money. In addition to being extremely easy to use, contactless smartcard systems are also preferred by many transit agencies because they eliminate the need for manually tagging each fare sale.
Rapid urbanization and an increase in population around the globe have resulted in the rise of passenger mobility. To make traveling more convenient and comfortable the advanced ticketing system such as transit cards has been introduced. This is propelling the growth of the transit cards market. Moreover, growing demand for the tamper, resistant cards with the new payment methods such as PIN cards and mobile wallets are again augmenting the growth of the transit cards market. Tamper-resistant cards are safe and they can be only accessed with the use of a personal identification number (PIN). Furthermore, increasing demand for secure solution owing to the rising incidence of fraud is further anticipated to foster the growth of the transit cards market.
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