Strong worldwide demand from transportation industry and end users
October 22nd, 2013 – Masabi, the leader in mobile ticketing and payments for transit, today announced that sales of tickets using its mobile technology have passed $100m. Masabi produces consumer-facing applications, together with a suite of back-end payment and ticket delivery systems. The company currently serves 17 transportation and retail companies worldwide including Boston's MBTA and San Diego’s MTS in the US and Virgin Trains, First Great Western and Cross Country in the UK.
"This is a massive milestone, not just for Masabi but for the whole industry to recognise the consumer demand for mobile as a core ticket sales channel. The past twelve months have seen huge and consistent growth, to the point we are now processing mobile ticketing sales of $85m per year,” said Ben Whitaker, CEO of Masabi. “2014 is set to be the year that the sector reaches critical mass as we see existing customers extending services to new routes and modes of transport as well as new deployments around the world.”
Masabi’s JustRide product is a cloud-based, deployment-proven, rapidly deployable, end-to-end mobile ticketing and fare collection system. It comprises award-winning apps for ticket purchase, display and validation together with back-end infrastructure for secure payments, ticket management, customer service, reporting and real-time analytics. Masabi launched the US’ first system-wide deployment of mobile ticketing for Boston’s MBTA in late 2012.
Masabi is the leader in transit mobile ticketing and payments, delivering end-to-end systems to agencies that bring significant cost savings and enhanced customer experience. Masabi’s JustRide system signals the end of ticket lines, lost tickets and fumbling for cash by allowing passengers to quickly and securely buy and display tickets on their mobile phones. Masabi enables transit agencies to move away from capital intensive “locked-in” systems, such as smartcards and costly customised ticket machines, to a flexible, open system that transforms passengers’ travel experience today, with a roadmap to NFC and open payments in the future.
Masabi is backed by Fontinalis Partners, m8 Capital and MMC Ventures. The company’s scalable cloud-based technology already processes more than 85 million dollars per year, handles millions of connections per day, and is in use by 17 global transit agencies and retail brands, including: Virgin Trains, First Group, Boston’s MBTA, San Diego MTS and CrossCountry Trains. More information about Masabi is available at www.masabi.com.
Temono for Masabi
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