Commuting Gets a Little Easier with Transit Mobile Payments
May 18, 2016
Smartphones have significantly transformed the way people use the transit system. More U.S. transit agencies are adding mobile payment options and related features that enhance convenience for commuters and encourage habitual use of mobile payments. This brief examines how transit mobile payments are evolving with the convergence of fare payments, real-time travel information, complementary transportation services, and other capabilities that help commuters optimize convenience, efficiency, and cost.
About the Authors
Elisa Tavilla,
Federal Reserve Bank of Boston
Email: Elisa.Tavilla@bos.frb.org
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