Mastercard, Kisio Digital partner on integrated technology for mobility
Mastercard has entered an agreement with Kisio Digital to integrate Mastercard payment and digital security technology with the Kisio trip planning and ticketing capabilities. The move is intended to boost contactless public transit and other forms of travel, according to a press release.
Kisio, a France-based technology company, recently joined a public-private partnership from Mastercard called City Possible, where private industry is working with local governments around the world to address smart city issues like transit, sustainability and other areas.
Plans call for a pilot program based in the Netherlands to begin where Kisio will deploy its first Mobility as a Service to test new transportation efforts.
"As passengers get ever more out of their smart devices, they also expect more from transport operators and authorities regarding digital services," Pacome Lesage, chief executive at Kisio Digital said in the announcement. "By partnering with Mastercard, we are able to deliver on these expectations in new and exciting ways, bringing to market a fully functional platform for multimodal transport apps."
"Working with over 150 cities around the world, we have improved the transit experience for residents and visitors while delivering efficiencies for operators," Miguel Gamino Jr., head of global cities at Mastercard, said in the release. "Together with Kisio and other City Possible partners we’re ready to take on the next mobility challenge, co-creating Mobility as a Service options that make tech truly work for people."
Mastercard is working with the New York Metropolitan Transit Authority to roll out new contactless ticketing conversion for the city subway and bus system.
Mastercard also holds a minority investment in Masabi, a mobile ticketing company that allows Uber customers to book buses and tickets through the ride-sharing company’s mobile app.