The developer of mobile ticketing technology for the transport sector Masabi announced that it has secured $2 million from m8 Capital to support commercial deployments of its mobile ticketing systems with UK rail companies and to expand operations into other geographies.
Masabi’s “Ticket Machine in your Pocket” technology is made to allow secure, usable ticket purchase and display on both the high-end smartphones and mass-market feature phones. The company is already working with several customers, including Atos Origin and thetrainline.com, and the first launches are due in the coming months.
Using a Masabi-powered system, commuters can use their phone to search, select and securely purchase tickets using a credit or debit card. Tickets can either be displayed on the phone’s screen via secure barcode technology, or traditional printed tickets can be picked up from the train station. Rail operators have already commenced the rollout of barcode scanners on trains and at stations, with several major routes expected to be fully covered by the end of the year.
And if you want to see how Masabi’s solution works in real-life, we have a demo video to share. Enjoy! 😉