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

May 15, 2019
Digital Transformation
10178 thumb square
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.

For the original news article, click here .

Further Reading

We Company creates smart city division to solve larger problems

News Commentary | April 3, 2019

The move of WeWork's parent company is interesting because it's focused on "addressing problems spurred by globalization, urbanization, and climate change," as reflected by its other brands, such as WeLive, WeGrow, and Rise by We. This move is not surprising, given Alphabet's smart city project with... Not part of subscription

Uber moves to incorporate transit missing a crucial link: integrated payments and ticketing

News Commentary | February 1, 2019

Uber's move to integrate public transportation into its app puts it in direct competition with startups like MobilityX and MaaS Global. However, Uber is currently missing a crucial piece of the puzzle: integrated payments and ticketing. Simply offering route planning and guidance fails to remove the... Not part of subscription

GM's and Ford's electric bike projects have the right idea but lack differentiation in crowded markets

News Commentary | November 8, 2018

Although these moves into personal mobility are the right idea, both lack innovation and differentiation. In Ford's case, Spin is operating in a saturated market with several agile unicorns vying for market share in the rapidly evolving scooter and bike sharing space. General Motors' focus on ... Not part of subscription