Westpac is partnering with the ACT Government on its new smart transport system, MyWay+, to enable residents to tap on and off public transport with a debit or credit card.
MyWay+ is being developed by the ACT Government to provide residents a simpler way to travel and pay on public transport. Through the MyWay+ app, people will be able to receive information to help with their daily commute, including real-time bus and light rail service updates and accessibility options at bus stops or stations.
As part of the initiative, Westpac will process Visa and Mastercard debit and credit card transactions on public transport, commonly known as "Open Loop" transit transactions.
Chief Executive of Westpac's Institutional Bank, Nell Hutton, said: "We're delighted to support the ACT Government as it delivers a new transport system for the people of ACT.
"MyWay+ will give people the flexibility and convenience of using their phone or debit or credit card to make payments on transport, rather than needing to buy a travel card.
"Public transport is part of the daily lives of many people in Canberra and we're proud to play a part in improving the experience for commuters," she said.
"This is part of our continued commitment to offer innovative payments and transactional solutions to customers and support with their end-to-end banking needs," Ms Hutton said.
