«O-City: Journey into the Multimodal» International Conference
The future of payment system operators in transport
On November 19, 2024, in Cebu City (Philippines), the «O-City: Journey into the Multimodal» conference was held, bringing together leading experts and innovators in the field of modern technological solutions for smart cities from more than 20 countries.
During the event, important topics were discussed, such as the transition from the CBT system (card based ticketing - a system of paying for public transport by tickets) to the ABT system (account based ticketing - a system of paying for public transport based on a user's personal account), and the exchange of advanced experience between transport operators, service providers and fintech companies involved in the digitalization of mobility.
One of the speakers of the event was the co-founder of ATTO company Timur Azadov, who made a presentation on the topic: «The future of payment system operators in transport». The representative of the company was able to share analytics, modern technological solutions and the vision of the future of ATTO company with the audience. Special attention was paid to the concept of cross-border payments in transport, where ABT solutions become an integral part of the ecosystem.
Also, the success of the «openloop» solution (open system), which is already being used in more than 20 countries around the world, was noted. This indicates the global demand for universal and flexible payment management systems in the transport sector.
The conference «O-City: Journey into the Multimodal» has created a platform for fertile exchange of ideas and opening up new opportunities for cooperation between participants. This event highlighted the need for integration of innovative approaches to improve the efficiency and usability of transport infrastructure.