NEWS COMMENTARY

Mastercard and Kisio partner to power payments in the future of mobility

Published:
May 15, 2019
Coverage:
Digital Transformation
Topics:
Activities:
Partnership
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by Christopher Robinson
Very important

Multimodal mobility as a service (MaaS) requires the integration of public transit to be successfully scaled in cities, as the high capacity of subways, trains, and buses provides crucial arteries to efficiently move traffic through a city. However, a critical barrier in many cities is the lack of electronic ticketing and payments that can easily be integrated into mobile MaaS platforms. Clients should view this partnership as a promising development in MaaS, indicating that key stakeholders are coming together to offer complete solutions to cities. Clients should also view this as a benefit to Masabi, a mobile ticketing company Mastercard holds a minority stake in, which currently is working with Uber in Denver, among other MaaS projects.

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