New smartcard ticketing system, MyWay, will be rolled out to all Canberra residents on Monday after six months of testing.
ACT transport minister, Jon Stanhope, said in a statement that the cards will make bus travel cheaper for patrons. Senior citizens have had access to the cards for two weeks with 4500 elderly residents.
"The MyWay cards can be recharged via autoload (direct debit) or via the BPAY internet payment method which will save people five per cent on their bus travel," Stanhope said.
"In addition, the requirement for people to tag on and off buses will not only provide important information on travel patterns, but also ensure customers are charged the cheapest available fare.
"For instance, journeys taken during off-peak periods will automatically be charged at off-peak rates."
Cash fares would be available on the buses under MyWay and there would be a transition period until Monday 11 April where people could use any pre-existing magnetic strip tickets.
Stanhope also said that people could transfer the value of these tickets onto MyWay cards until Thursday 30 June.
In August last year, Queensland rolled out a smartcard system called Go Card and there are plans to launch a similar system in Sydney proposed.
At the time, Tourism and Transport Forum managing director, Christopher Brown, said smartcards were the way forward for an efficient public transport system.
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