Fare Payments-as-a-Service

A Better Way of Running Ticketing Systems for Public Transport

Transit agencies and transport operators have a choice.

Agencies can design and build their own ticketing system. However, these systems are expensive to build, maintain and update, often take years to go live with a significant build risk, and do not update with new features and functionality without additional spending and resources, so often ‘decay’ for years.

Or

Agencies and operators can opt for a Fare Payments-as-a-Service approach which brings significant benefits. Once a capability is built it can be deployed extremely quickly (as everyone is using the same platform and code). It’s far more cost-effective to deploy, maintain and update, because costs are shared across all users, and everyone using the platform benefits from constantly improving features and functionality.

Introducing Fare Payments-as-a-Service

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

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.

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Problems with 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

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

Slow to Deploy

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

No Updates

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

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.

The Benefits of Fare Payments-as-a-Service

Cost-effective

Reduced capital, maintenance and update costs.

Speedy

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

Regular Updates

New functionality is delivered regularly to everyone.

Open Integrations

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

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.

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.

Digital-First

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

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.

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.

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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.