The Commonwealth Bank (CBA) announced on Sunday an extension, to take effect from Monday, to the contactless transport payments trial run by Transport for NSW in partnership with the bank and Mastercard.
The bank says the trial will also be extended to the Sydney bus network in a staged roll-out over the coming months.
CBA has developed the core payment infrastructure, and says the bank plays a key role as the acquirer, and back-end processor of transactions.
• Daily, weekly and Sunday travel caps in line with Opal caps
• Weekly travel reward (half price after eight trips)
• The Opal transfer discount
• Off-peak pricing for train travel
CBA executive general manager of business customer solutions, Clive Van Horen, said: “The demand for contactless payments and the use of digital wallets is growing at pace, so we are thrilled to continue our ongoing partnership with Transport for NSW to launch one of the largest integrated consumer payments networks in Australia with over 21,000 payment devices”.
“What was previously a transit gate is now essentially a payment terminal, demonstrating yet another example of how technology is enabling faster and more convenient experiences for the community and smarter, more connected cities.”
CBA says the trial has the potential to be replicated to other transport networks across Australia.