As per reports, Visa (V) and Chase (JPM) announced that riders on MTA subways or buses, who tap with their Chase Visa contactless card, will donate 10 cents per tap, up to $250,000, to local nonprofit New York Cares, through September 30, 2021 or when maximum donation amount is reached). Local nonprofit New York Cares, the largest volunteer network in the city, has been important in supporting the local community throughout the challenges of the pandemic.
Tap-to-pay usage on MTA public transport has increased up to more than 225% since the start of the year (Metropolitan Transportation Authority Data, July 2021). Tapping to ride is a quick, easy and secure way to get around New York, particularly now during the pandemic. In a survey by Visa’s Future of Urban Mobility study, it was found that 88% of surveyed riders globally expect contactless payment options on transit.
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