Sure. How else would you make confetti?
"Single hole punches are often used to punch tickets, which indicates its credit has been used, and to make confetti when creating scrapbooks and other paper crafts. For applications needing a variety of hole shapes, a ticket punch may be used. A single hole punch differs from a ticket punch in having a shorter reach and no choice of hole shape."
But ticket punch operators are long gone from public conveyances, in North America at least -- except maybe on Amtrak and VIA Rail. On Toronto buses and streetcars you need exact change or a pre-purchased ticket or token, which you deposit in a glass box by the driver, as you enter the vehicle. (Yeah, you can pay more if you don't have the exact change...)