New York aims to use mobile payments to let consumers pay subway fares

New York Transit Mobile Ticketing

Consumers will be able to use their mobile devices to pay subway fares, eventually The New York Metropolitan Transportation Authority has announced plans to embrace mobile payments in the future, allowing city residents to use their smartphones to pay for rides on the city’s subway network. The organization plans to install mobile systems throughout the subway network in order to accommodate the growing demand for mobile commerce. These systems will not be available any time soon, however, as the agency plans to fully embrace mobile commerce by 2021. Mobile commerce…

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