Trapeze Group and Masabi have collaborated to offer transit agencies an integrated fare payment solution aimed at revolutionizing the rider experience and changing the way public transit agencies deliver Mobility-as-a-Service to their communities.
A survey conducted by FPaaS (Fare Payments-as-a-Service) provider Masabi says that more than 40% of Americans are combining public transit with ridesharing, and primarily value convenience when deciding whether or not to use public transportation. Masabi conducted the online survey in the fall of 2019 with a group of more than 2,500 U.S. residents across different age categories, geographies and gender. Mot all respondents had access to public transit services, “so much of the data is based on the responses of the 500 U.S. residents for whom public transportation is an available option,” the company noted.
Masabi, a global developer of FPaaS (Fare Payments-as-a-Service) for public transport, on Feb. 6 announced that it has finalized an investment from Shell, among the world’s largest oil and gas companies. “This investment will help support the global expansion of Masabi’s Justride platform, which is bringing cutting-edge ticketing technology and enabling Mobility-as-a-Service (MaaS) for public transport operators and authorities of all sizes around the globe,” the company said. Masabi and Shell did not disclose the terms of the investment.
The ticketing industry is continuously evolving, and it’s not just the type of physical ticket that is changing but the very notion that many passengers don’t even want one or need one, and certainly don’t want to wait in line to purchase a piece of custom media from their transit agency.