When was the last time you ditched a rideshare service for a regular ol’ cab? For Lyft or Uber users, hailing a standard cab might now seem outdated. Instead of going through the trouble of holding your arm in the air, you can get guaranteed service from the comfort of your own phone—and pay at the same time. Rideshare services have eliminated taxi friction by providing reliable transportation and effectively eliminating in-car payments with pay-by-phone transactions.
Contactless payments have trended well before the COVID-19 pandemic. Now, they’re on track to be utilized by more than half of US smartphone owners by 2025. Convenience is key, and frictionless transactions are the pathway to such experiences. Within mobility, digital payments as a whole are a massive opportunity for innovation for a large portion of operators that have yet to be realized.
This is a big reason for our merge with Arrive—it features robust platforms that allow us to offer new technologies and payment services for easier transactions. That is where scan-to-pay comes in.
Scan-to-pay is a payment method that employs the power of a QR code to eliminate parking friction, expand contactless payments, and introduce new ways for operators to understand their customers.