5 ways mobile transit payments evolved—in just the past two months
Transit payments are picking up speed, literally, as multimodal ticketing, booking and payment become the ultimate prizes for companies looking to meet consumers where they ride.
The captive and habit-forming nature of transit has long made it a target for payment technology. What’s new in just the past few weeks is how the trend is moving far beyond the car, train, bus and car-sharing app. Transportation in 2019 has become a full portal to financial services—and a way to centralize urban movement at the same time.
Here are five major transportation developments that are designed to connect digital ticketing to a much larger world of digital ID, commerce and financial inclusion.