Representatives of the parties said that this payment method is convenient, flexible, modern, meeting the travel needs of people and tourists when using public transport services in Ho Chi Minh City. This model has also been applied in a number of countries around the world such as the UK, Singapore, Australia, the US...

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Metro Line 1 Ben Thanh - Suoi Tien will run free of charge for one month, starting from December 22, 2024. Photo: HURC1

Open-loop and green transportation

Currently, there are two trends in public transport fee collection in the world: closed-loop system and open-loop system. Of which, closed-loop has been implemented for a long time in our country such as buying tickets with cash, or using designated transport cards to take buses, electric bicycles, metro...

Since Covid-19, countries around the world have gradually switched to collecting transportation fees using Open-loop technology, most recently Thailand with the metro system in the capital Bangkok. The automatic ticket payment system helps passengers not need to use cash to buy tickets or buy many traditional tickets or paper tickets. Passengers can use what is available such as credit cards, payment cards, favorite prepaid cards, or convenient Apple Pay, Samsung Pay with just "one touch", or e-wallets to scan QR to pay for the trip.

This method can replace manual payment and ticketing systems, contributing to creating a transportation network where all transactions operate seamlessly, quickly and securely, providing a modern payment experience for passengers, promoting green mobility and sustainable environmental protection, especially suitable for young people using smartphones.

Sacombank pioneers in providing technical infrastructure for green traffic payments

With these benefits, Sacombank has pioneered cooperation with HURC1 and Mastercard to deploy an automatic ticket payment system using Open-loop technology on metro line 1 Ben Thanh - Suoi Tien, helping customers to tap their cards for cashless payments from all banks and card organizations such as Mastercard, Visa, JCB, UnionPay, American Express, Napas...

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One-touch cashless payment for metro tickets using bank cards. Photo: Sacombank

At the same time, Sacombank is also actively working with the Ho Chi Minh City Public Transport Management Center to deploy payment solutions using Open-loop technology for the bus, river bus, and electric buggy systems, expected to launch in early 2025, bringing a seamless customer experience with all types of public transport in the city.

"HURC1 has actively worked with Mastercard, Sacombank and partners to successfully deploy an automatic ticket payment system to help bring convenience, speed and safety to passengers using public transport in Ho Chi Minh City. With the expected number of passengers in the first phase of metro operation being 40,000/day, optimizing the processes and procedures for ticket purchase and payment is very important," said a HURC1 representative.

Mastercard's representative in the Asia-Pacific region also emphasized that the Open-loop electronic payment system is a breakthrough in improving the booking and payment experience for people when using the public transport system.

"The goal of Mastercard and its partners is to bring users a sense of security, satisfaction and a smooth experience. We believe that this automatic ticket payment system will become a model for other transportation projects in Vietnam and the region," said a Mastercard representative.

“This cooperation not only brings practical benefits to the people of Ho Chi Minh City but also creates an important turning point in the development of high-tech solutions, raising the regional and international standards for public transport infrastructure in Vietnam. With the readiness of technical infrastructure, Sacombank is working with localities and partners to deploy modern payment solutions, contributing to the formation of a sustainable, comprehensive and friendly urban public transport ecosystem, improving the quality of life for people as well as aiming at environmental protection”, shared a representative of Sacombank.

With its positive contributions in providing payment solutions for public transport projects, recently, at Mastercard's Annual Customer Conference held in Hanoi, Sacombank was honored as Technical Enabler of the Year (2024).

Sacombank issues Metro Pass card

Welcoming the official opening of metro line 1 Ben Thanh - Suoi Tien - an important event of Ho Chi Minh City, Sacombank issued Sacombank Mastercard Metro Pass payment card, customers can tap the card to make cashless payments when taking the metro as well as use other utilities such as cash withdrawal, money transfer, and payment for consumer purchases as usual.

Customers can easily open a Sacombank Mastercard Metro Pass non-physical card right on Sacombank Pay and then add it directly to Apple Pay, SamsungPay for convenient transactions.

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Download Sacombank Pay to open a Sacombank Mastercard Metro Pass non-physical card simply and conveniently.

At the same time, Sacombank will deploy booths located at 14 metro stations to support the issuance of free Sacombank Mastercard Metro Pass cards for customers in need. Customers who open a Sacombank Mastercard Metro Pass card at transaction points, open a card online on Sacombank Pay or the Metro app will receive a gift of VND50,000.

The Dinh