MTA to announce new fare payment system to replace Metrocard

NEW YORK (WABC) -- The end of the Metrocard is approaching.

The MTA is set to announce a new fare payment system that will allow riders to tap their way into a subway stop or bus instead of swiping.

The company behind the original Metrocard will create the replacement.

Passengers will be able to start using the new system in 2019, and Metrocards are expected to be completely phased out in 2023.