The transition to the new tap-and-go system for New York City subway and bus riders is expected to save the agency at least $20 million annually, it said.

After 32 years, it’s time to say goodbye to the MetroCard and go all in on the fare payment system of the future,” said MTA Chairman Janno Lieber in the statement, adding that the move to OMNY “also opens the door for new discounts and promotions that’ll put money back in riders’ pockets.

New York City subway riders will no longer need physical MetroCards by the end of this year, ending decades of use for the ubiquitous yellow and blue pass.