Myki creator axed for new Victorian fare system bidder

May 15, 2023 01:54 PM AEST | By AAPNEWS

Google News:

Myki creator axed for new Victorian fare system bidder — Image source: AAPNEWS

Recent News

Can Westpac (ASX:WBC) Outperform the ASX300 in 2025?

Oil Volatility Shakes Market But ASX300 Investors Stay Focused

Radiopharm (ASX: RAD) Secures Supply Deal with Cyclotek for Prostate C...

Energy One (ASX:EOL): The Silent Software Powerhouse in the Energy Shi...

Melbourne public transport commuters will be able to tap on and off with iPhones and credit cards under an overhauled fare system.

Victorian Public Transport Minister Ben Carroll on Monday announced US company Conduant as the winning bidder for the state's next public transport ticketing contract, replacing myki's operator NTT Data.

Trials of the updated ticket system will begin in 2024, with changes progressively added to existing payment options.

There will not be any immediate changes to the myki system.

Conduant will have the $1.7b contract for 15 years.

"We will now reach the 21st century with account-based ticketing (that's) simpler and more easier to use through your credit card, through your smartphone, through your smartwatch," Mr Carroll said on Monday.

The myki card system replaced Metcard tickets in 2012 and has been plagued with million-dollar cost blowouts and system issues.

Despite the problems, NTT Data was awarded a $700m, seven-year contract extension in 2017 covering it until November this year.

Visitors to Melbourne must buy a myki card and add funds to it. Android phones have been able to tap on to the system since 2019, but iPhones and credit cards cannot be used.

The Victorian government set aside $1m in 2019 to try to incorporate Apple technology into myki but a solution was not found.

Train commuters in Sydney, London and Singapore can use their credit and debit cards to tap on and off, and Brisbane is implementing similar technology.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.