Cars

For people who live and drive around cities, paying for parking is almost always a hassle. With fewer people are carrying cash, making it nearly impossible to dig out the exact change needed at most parking meters, cities and parking lot owners around the country are increasingly relying on something drivers are more likely to have on hand — their phones.

Parking is among the most popular uses for mobile payments, with 19% of consumers having paid for parking with their smartphones and 26% indicating they’d be interested in doing so. Mobile payment technology providers are combining existing payment systems with location data, and they’re working with cities to ultimately drive more people into downtown shopping districts. Here are five examples of vendors offering mobile payment parking solutions right now.

1. Passport: A multi-modal approach to parking payments
Passport makes software that cities can use to enable pay-by-mobile parking. In the U.S., the company is already being


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Source: Street Fight