A committee of the Metropolitan Transportation Authority this morning approved a $573 million contract for a payment system that mirrors the one in use for the London Underground and commuter railroads in London.
Starting in late 2018, NFC-based electronic readers will be installed in 500 subway turnstiles and 600 buses, with rollout expanding to all subway stations and buses by late 2020. Apple Pay, Android Pay, and Samsung Pay will work with the new system, as will contactless credit and debit cards that have an embedded NFC chip.
While the new system will replace the MetroCard, New York City will not phase out MetroCards entirely until 2023. Until then, the two systems will co-exist.