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NXP SEMICONDUCTORS N.V.

(NXPI)
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NXP Semiconductors N : and Google Pay bring Mobile Fare Payments to Android™ Users in the Washington D.C. Metro Area

06/08/2021 | 11:55am EDT

What's New

NXP Semiconductors announced that it is helping to digitize the Washington Metropolitan Area Transit Authority's SmarTrip® Card - the way to pay for Metro and all regional transit providers serving a population of over 4 million in the Washington, DC area. SmarTrip® is based on NXP's MIFARE ICs and powered by its MIFARE® 2GO digitization service, giving riders the option to use Google Pay on their NFC-enabled Android phones to seamlessly board metro trains and buses.

Why it Matters

The Washington Metropolitan Area Transit Authority (Metro) is one of the busiest rapid-transit systems in the United States, connecting Washington, DC with the Maryland and Virginia suburbs. NXP's MIFARE 2GO service is integrated with Google Pay, allowing riders to use virtual MIFARE product-based transit cards on their smartphones for touchless transit payment and access to Metro stations and buses.

By adding and using SmarTrip® on Google Pay, riders can experience a 'touch-free', safer way to pay via their virtual MIFARE product-based transit card on their smartphone. Riders just tap and ride using their phone when paying for transit. For more convenience, riders can also purchase and top-up their virtual cards without standing in line at a fare vending machine.

'We want to make everyday things fast and easy with Google Pay.'

'Commuters using SmarTrip can now use Google Pay as their ticket to ride public transport in the DC area, making commuting less stressful.'

- Alan Stapelberg, Product Manager, Google Pay.

'We're pleased to deliver a new level of convenience and simplicity for our customers. If you already have an NFC-enabled smartphone, you already have everything you need to simply tap and go.'

'Thanks to NXP's MIFARE 2GO solution Metro's customers will have an easy mobile fare payment option on their Android phone.'

- Paul J. Wiedefeld, Metro general manager/CEO.

'Cubic's mobile solution builds on the highly scalable and flexible MIFARE 2GO cloud platform and Google Pay to digitize the SmarTrip® card, deliver mobile-benefits to WMATA riders and make riding public transit a convenient experience.'

- Paul Monk, Senior Product Director, Mobile, of Cubic Transportation Systems, the San Diego, CA-based company behind the digitization project and SmarTrip® system

Details on NXP's Secure Mobile Transit Solutions Around the World

Mobile transit enablement is part of NXP's mission to bring seamless and connected experiences to consumers. Across the world, NXP has enabled several successful mobile transit implementations as well as proven, scalable transport ticketing installations.

'Digitization projects such as SmarTrip® underscore a growing demand for more secure and convenient options for transit ticketing and payment,' said Philippe Dubois, Vice President and General Manager Secure Edge Identification at NXP. 'MIFARE 2GO builds on existing MIFARE product-based infrastructures to accelerate time-to-market for digital deployments, and WMATA's use of our MIFARE ICs for SmarTrip® further validates the streamlined and straightforward mobile integration enabled via NXP's ecosystem.'

The SmarTrip® deployment represents one of NXP's several successful mobile transit implementations of secure tap-to-pay use cases and proven, scalable transport ticketing installations worldwide.

Google, Android and Google Pay are trademarks of Google LLC.

Disclaimer

NXP Semiconductors NV published this content on 08 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 June 2021 15:54:07 UTC.


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Financials (USD)
Sales 2021 10 642 M - -
Net income 2021 1 669 M - -
Net Debt 2021 5 034 M - -
P/E ratio 2021 34,8x
Yield 2021 1,00%
Capitalization 57 626 M 57 626 M -
EV / Sales 2021 5,89x
EV / Sales 2022 5,61x
Nbr of Employees 29 000
Free-Float 95,0%
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Last Close Price 208,98 $
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Kurt Sievers President, CEO & Executive Director
Peter Kelly Chief Financial Officer & Executive Vice President
Peter Leahy Bonfield Non-Executive Chairman
Lars Reger Chief Technology Officer & Executive VP
Petri Kuivala Chief Information Security Officer
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