Live Breaking News & Updates on Transit Cards Market Share

According to IMARC Group’s latest report, titled “
Transit Cards Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The global transit cards market grew at a CAGR of around 5% during 2015-2020. Transit cards are pocket-sized passes or tickets that are issued to passengers to take pre-defined or unlimited trips in trains, metro rails, or buses. These cards are embedded with an integrated circuit, a secured memory chip and a microcontroller. Transit cards enable quick identification and authentication of public transportation systems and are manufactured in different forms, which include contactless, hybrid, contact-based and dual interface cards. As compared to conventional ticketing systems, these cards are more reliable, convenient and reduce the risk of fraudulent activities. ....

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