MasterCard is investing in mobile ticketing platform Masabi to help drive cash and its associated costs of public transportation while making it easier for residents and travelers in major cities worldwide to get around.
Articles Tagged ‘Masabi’
Mobile ticketing for public transportation continues to gain steam, with New Orleans having recently launched a citywide program and Chicago dipping its toes in the water by letting commuter rail riders use tickets on their smartphones.
With widespread agreement over mobile’s significant benefits for public transportation, the news that New York’s Metropolitan Transit Authority will not adopt mobile until the end of the decade begs the question: Why is it taking so long for public transportation systems to mobilize?
Mobile ticketing company Masabi reports that sales from transportation-based tickets using the company’s technology have exceeded $100 million, pointing to the strong use case of mobile ticketing for small, everyday functions.
The Massachusetts Bay Transportation Authority is rolling out a new mobile ticketing service, giving commuters a way to purchase and display rail tickets on their smartphones.
Masabi, a developer of mobile ticketing technology for the transport sector, has secured $2 million in funding from mobile technology venture capital firm m8 Capital.