VANCOUVER, British Columbia, Jan. 31, 2018 (GLOBE NEWSWIRE) -- PayByPhone, the world’s largest mobile parking payment provider, has reached another achievement, processing over $345.6M USD in annual transactions throughout 2017. The app now serves 17M registered users in over 300 cities globally.
After being purchased by Volkswagen Financial Services (VWFS) at the end of 2016, this milestone accompanies an eventful year for PayByPhone. This includes their largest app release in November 2017, which highlighted new features such as the ability to save ‘favorite’ parking locations, and allowing drivers to park with the app without the need to register - an industry first. These innovations, along with year-round customer-facing app education, supported a 31% increase in app downloads between 2016 and 2017.
The performance of both PayByPhone’s new and existing clients has also yielded impressive results. Over 47 new clients launched throughout the last twelve months, including the Royal Borough of Kensington and Chelsea, which reached a 75% adoption after three months, making them the highest transacting UK client, with over 300,000 monthly payments. Long-standing clients in metropolitan areas such as Miami and Seattle also reached new heights, with the Miami Parking Authority’s locations peaking at 530,095 transactions during December, and the cumulative effects of customer outreach campaigns increasing transactions by more than 55% in Seattle throughout the year.
Other clients utilized PayByPhone to help completely revamp parking in their jurisdictions. For example, the London Borough of Haringey removed all 450 on-street payment meters, a bold move which reduces infrastructure costs and provides a cashless, seamless experience for drivers.
“The ongoing support from VWFS, has allowed us to push the boundaries of the mobile parking industry, while streamlining the parking process even further,” said Francis Dupuis, CEO and President of PayByPhone. “The impact that our investments in app development and customer outreach has had on our user base is certainly noticeable. Last year we processed 73.4 million transactions. That represents nearly a 300% growth in the number of transactions that we processed in 2012, and we’re excited to increase this number even further during 2018.”
Ready to take advantage of the leading mobile parking payment solution? Visit www.paybyphone.com for more information, or connect with us by contacting sales@paybyphone.com.
ABOUT PAYBYPHONE
PayByPhone is one of the fastest growing mobile payments companies in the world, processing more than $345.6 million USD in payments annually. Through the company's mobile web, smartphone and smartwatch applications, PayByPhone helps millions of consumers easily and securely pay for parking without the hassles of waiting in line, having to carry change or risking costly fines. Registration is quick and easy and the app reminds the user when their parking is about to expire, allowing them to top up from anywhere, at any time.
Contact:
Name: Megan Smit
Designation: Marketing Director, PayByPhone Global
Email: msmit@paybyphone.com
Contact: (+1) 650 - 451 - 2489