NewswireTODAY - /newswire/ -
Paris, Ile-de-France, France, 2023/06/07 - Thales and Mastercard are pleased to announce the signature of a framework agreement confirming their international cooperation in mobility ticketing and payment activities - Mastercard.com / ThalesGroup.com. Euronext: HO
• This partnership reflects the mutual commitment of Thales Ticketing activities and Mastercard to consider the various international opportunities that arise in the mobility ticketing and payment market together.
• Mastercard is a key player in a diverse array of urban mobility payment processes and technologies, enabling riders to pay for their journeys in the ways that are most convenient for them.
• Thales is a leader in ticketing and payment systems, and will discuss how to integrate Mastercard solutions to simplify mobility and offer a seamless transport experience.
This partnership reflects the mutual commitment of Thales and Mastercard to consider together the various opportunities that arise in the market.
Mastercard (mastercard.com) is a key player in open loop payments, the payment system that provides users with a seamless experience in public transport payment systems. There are billions of mobility transactions processed on the Mastercard network each year (Public/Private Mobility & Automotive). Mastercard is focusing on making rider journeys simpler, quicker and more efficient across all modes of transportation whether by train, bus, bike, scooter, taxi, ride-hail or driving.
“The Mastercard team is proud to formalize our partnership with Thales, one of the largest and most diverse IT ticketing and revenue collection companies in the world. We look forward to working with the team at Thales to drive increased global ridership, remove rider friction, and lower costs for transit and mobility operators’” Chapin Flynn, Global Head of Urban Mobility at Mastercard
The agreement establishes a trusted partnership with Mastercard to foster public mobility adoption and offer cutting-edge technologies and integrated ticketing and payment solutions to transport authorities and operators around the globe.
“We are thrilled to announce our Memorandum of Understanding with Mastercard. This collaboration will facilitate the integration of cutting-edge technology and secure payment solutions to better respond to our customer’s need. Together with Mastercard we are committed to delivering efficiency, reliability and safe infrastructure to our customers. This agreement reflects our dedication to make travel simpler and convenient to everyone.” Jean-Marc Reynaud, Head of Revenue Collection Systems, Thales
Within five years’ timeframe of the agreement, Thales and Mastercard’s joint expertise will result in new technologies that will define the future of digital mobility and will strengthen their leading position in the market.
Thales (thalesgroup.com) is a global leader in advanced technologies within major domains: Defence & Security, Aeronautics & Space, Digital Identity & Security and Transport. It develops products and solutions that help make the world safer, greener and more inclusive. The Group invests close to €4 billion a year in Research & Development, particularly in key areas such as quantum technologies, Edge computing, 6G and cybersecurity.
Thales has 77,000* employees in 68 countries. In 2022, the Group generated sales of €17.6 billion.
* These figures exclude the ground transportation business, which is being divested