Fare Payments-as-a-Service

A Better Way of Running Ticketing Systems for Public Transport

Fare Payments-as-a-Service

In the past transport agencies designed and built their own bespoke ticketing systems. However, these systems were expensive to build, maintain and update – often taking years to go live, with significant build risk.

That’s why agencies and operators of all sizes are now opting for a Fare Payments-as-a-Service approach. By running their fare payments solution using a (multi-agency) shared platform brings significant benefits, including; significantly reduced costs, quick deployments and continuous updates.

Introducing Fare Payments-as-a-Service

A better way of delivering fare payment services to agencies and passengers.

The Problem: Design and Build Ticketing Systems

Transit agencies and transport operators have traditional purchased their own bespoke Automated Fare Collection (AFC) systems. These solutions are expensive to build, maintain and update and come with problems which are no longer necessary:

expensive

Expensive

Agencies and operators are overpaying unnecessarily for fare collection by buying bespoke technology.

slow to deploy

Slow to Deploy

Fare collection deployments using bespoke technology can take years to go live.

system does not update

No Updates

Bespoke system do not benefit from regular updates (unless a significant amount of money is spent).

closed system

Closed

Bespoke systems tend to be closed in nature and difficult to connect with new systems or enable MaaS (without expense).

The Solution: Fare Payments-as-a-Service

Fare Payments-as-a-Service offers a better way of providing fare payment services. Agencies can sign up to a multi-tenant fare payments platform which is already live. This enables agencies to deliver the latest innovations to riders extremely quickly and then grow capabilities as they get regularly released onto the platform, helping keep up with the pace of technology change and doing so far more cost-effectively than building and maintaining a bespoke fare collection system.

cost effective

Cost-effective

Reduced capital, maintenance and update costs.

quick to deploy

Speedy

Once functionality is added to the platform it’s super quick to deploy.

free updates

Regular Updates

New functionality is delivered regularly to everyone.

open api integrations

Open Integrations

An open API centric architecture means the platform can link to existing (or new) systems.

fare payments roadmap

Future-Proof Roadmap

A roadmap of new features and capabilities removes the complexity of running ticketing services and allows agencies to keep up with the pace of technology change.

MaaS Enabled

Mobility as a Service (MaaS) Enabled

Enabling MaaS for public transit is a key requirement as agencies look to attract more people to leave their cars at home.

community connections

Digital-First

Enabling concession, cash digitization and dematerialization with a digital-first approach, saving money and increasing convenience.

tap and ride account based ticketing

Account-Based Fare Payments

Fare Payments as a Service enables the delivery of tickets but also facilitate the latest account-based ticketing experiences, meaning riders no longer need to buy a ticket or understand fares to travel.

Consult Hyperion Research Concludes Transit Agencies Can Cut Fare Collection Costs By Up To 73% By Embracing ‘As-a-Service’ Platform Solutions

Blog

How to reduce the cost of fare collection and increase revenues

Blog

Blog: What is Fare Payments-as-a-Service?

Fare Payments as a Service (FPaaS) is a new and better way of delivering ticketing systems to transport agencies, operators and passengers.
Blog
what is fare payments-as-a-service

What’s the difference between Fare Payments-as-a-Service, Ticketing-as-a-Service and Fare Collection-as-a-Service?

Blog

13 Reasons Why Transit Agencies Around the World are Choosing Fare Payments-as-a-Service (FPaaS) Platforms for Fare Collection

Blog

Transit Agency Research Report: The State of Fare Collection

In order to better understand the fare collection market, Masabi issued a survey to professionals working for transit agencies and operators around the globe. Download the report to learn more.
Download
Masabi_transit_agency_survey

A Guide to Fare Payments-as-a-Service for Public Transit

This eBook provides a comprehensive guide for transit agencies and operators looking into Fare Payments as a Service.

Download
Fare Payments as a Service Guide
Justride Fare Payments Platform
Masabi’s Justride is the leading fare payments platform for public transport, enabling the delivery of Fare Payments-as-a-Service.
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