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The sale has a purchase price of $164 million. The companies expect the transaction to close before the end of 2026, subject to customary conditions and regulatory approvals.
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The addition now allows customers to tap their contactless debit or credit card, or a mobile wallet, such as Apple Pay or Google Pay, directly on the onboard fare validators.
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Contactless transactions are taking off as more transit operators around the world go digital.
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Closing of the transaction is expected between April and September of 2022.
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As well as this full operational support, the megabus.com team will assist operators in maximizing revenue yield.
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