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DOTr, Landbank pilot-test EMV fare collection system

MOA SIGNING. Landbank Card and Electronic Banking Group head Randy Montesa (seated left), Land Transportation Franchising and Regulatory Board Chair Cheloy Garafil (seated center), and PM Jeepney Drivers and Operators Services, Inc. chair Roberto Martin (seated right) show to the media the signed copies of a memorandum of agreement (MOA) on the use of EMV-enabled contactless card in public transport, at the Paranaque Integrated Terminal Exchange (PITX) on Thursday (Sept. 1, 2022). A total of 150 modern jeepneys will initially be part of the pilot program, which will be used to develop national standards for an automated fare collection system. (PNA photo by Jesus Escaros Jr.) MANILA - The Department of Transportation (DOTr) and the Land Bank of the Philippines (Landbank) on Thursday began the pilot test on the use of EMV-compliant prepaid, debit, and credit cards for cashless payment in public transport. EMV cards are prepaid, debit or credit cards with an embedded microchip designed f

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