One cold walk to the bus or train station is bad enough for commuters – no one wants to have to repeat the trip to recover a forgotten ticket. But thanks to mobile commerce, the typical commuter pain may soon become a thing of the past.
In the January edition of the mPOS Tracker™, PYMNTS explores the latest new products and innovations from mPOS technology developers.
Around the mPOS World
As 2018 began this week, providers from around the globe unveiled new products, services and features, designed to help turn smartphones into powerful commercial tools for consumers and retailers alike.
That includes U.S.-based Allied Wallet, which announced that its SWIPE mobile chip and PIN payment processing solution would debut in March 2018 in the U.K. and E.U.
Meanwhile, Chinese payments platform provider Adyen and mobile payment service WeChat said they would be coming together to enable POS mobile payments for 400 million WeChat Pay users at Adyen merchants’ brick-and-mortar store locations.
And, in Europe, Ukraine-based FinTech startup MOSST Payments announced it would soon offer an mPOS solution to its merchant clients via a new collaboration. The company recently partnered with Spire Payments for a new dual offering, which will debut in March.
For the latest notable headlines and trends from around the mPOS space, check out the latest Tracker.
Masabi Makes Public Transit Go Mobile
Whether it is to find where they’re going or to entertain themselves on the way, commuters and public transit riders almost never leave home without their trusty smartphones. But when it comes to carrying transit tickets, who isn’t forgetful?
That’s the idea behind mobile ticketing solutions from software developer Masabi. In a recent interview with PYMNTS, Jonathan Donovan, the company’s chief product officer, explained how (and why) the mobile ticketing and payment technology provider works to replace good-ol’ transit tickets in 30 global markets.
“Instead of walking to a ticket vending machine and waiting in line, or going to a ticket counter as I’m walking to the station, I can buy a single ride ticket, a weekly or monthly pass or any other option right from my phone without any other steps or waiting,” he said. “I think that kind of convenience and ease of use is only going to become more important to consumers as time goes on.”
To read the full story, along with a ranked provider directory, featuring 299 major players in the space – including three new entries this month – check out the January edition of the PYMNTS mPOS Tracker™.
About The Tracker
The PYMNTS mPOS Tracker™ is your go-to resource for staying up to date on a month-by-month basis. The Tracker highlights the contributions of different stakeholders, including institutions and technology coming together to make this happen.