Payments ecosystems are often categorized as either closed-loop or open-loop systems, each with distinct advantages and limitations. Closed-loop systems, such as single-provider mobile wallets ...

A closed-loop system means the data stays with you. Travel patterns, top-up behavior, fare category usage—all of it can be ...

The Ajman Transport Authority, in collaboration with BPC, a global leader in payment solutions, has announced the launch of an open-loop and contactless payment system in public transport buses.