Thales signs a MoU with Mastercard, a global leader in payment solutions

06/06/2023

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This partnership reflects the mutual commitment of Thales Ticketing activities and Mastercard to consider the various international opportunities that arise in the mobility ticketing and payment market together.

Mastercard is a key player in a diverse array of urban mobility payment processes and technologies, enabling riders to pay for their journeys in the ways that are most convenient for themThales, is a leader in ticketing and payment systems, and can integrate Mastercard solutions to simplify mobility and offer a seamless transport experience.

Thales and Mastercard are pleased to announce the signature of a Memorandum of Understanding confirming their international cooperation in mobility ticketing and payment activities. This partnership reflects the mutual commitment of Thales and Mastercard to consider together the various opportunities that arise in the market.

Mastercard is a key player in open loop payment, which is the payment system that provides users with a seamless experience in public transport payment systems. There are billions of mobility transactions processed on the Mastercard network each year (Public/Private Mobility & Automotive). Mastercard is focusing on making rider journeys simpler, quicker and more efficient across all modes of transportation whether by train, bus, bike, scooter, taxi, ride-hail or driving.

The Mastercard team is proud to formalize our partnership with Thales, one of the largest and most diverse IT ticketing and revenue collection companies in the world. We look forward to working with the team at Thales to drive increased global ridership, remove rider friction, and lower costs for transit and mobility operators' Chapin Flynn, Global Head of Urban Mobility at Mastercard

Thales and Mastercard will rely on each other as trusted partners. The partnership framework establishes a privileged relationship with Mastercard to foster public mobility adoption and offer cutting-edge technologies and integrated ticketing and payment solutions to transport authorities and operators around the globe.

We are thrilled to announce our Memorandum of Understanding with Mastercard. This collaboration will facilitate the integration of cutting-edge technology and secure payment solutions to better respond to our customer's need. Together with Mastercard we are committed to delivering efficiency, reliability and safe infrastructure to our customers. This agreement reflects our dedication to make travel simpler and convenient to everyone. Jean-Marc Reynaud, Head of Revenue Collection Systems, Thales

Within five years' timeframe of the agreement, Thales and Mastercard's joint expertise will result in new technologies that will define the future of digital mobility and will strengthen their leading position in the market.

Documents

PR_Thales signs a MoU with Mastercard, a global leader in payment solutions.pdf

Contact

Thales, Media Relations Ground Transportation

+33 (0)6 25 15 72 93 chrystelle.dugimont@thalesgroup.com

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LINK:	https://www.thalesgroup.com/en/worldwide/transport/press_release/thale...
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