Corethree’s mobile booking and ticketing solutions can now be paid for via PayPal after a landmark deal added the payments giant as one of the company’s mobile payments partners.
From now on companies that use its solutions – such First Group, Go Ahead Group and Translink – will be able to make use of PayPal as a payment option to purchase bus, train or tram m-tickets. The company already has highly successful partnerships with Barclays Pingit and Boku.
In the past 6 months Corethree solutions have processed over 2,000,000 bus tickets, equivalent to around £12,000,000 of revenue for its clients. PayPal, which has over 19 million active accounts in the UK alone, will help to increase potential income and user numbers for Corethree’s clients.
The first few client integrations into Corethree’s m-ticketing application will go live in the next few weeks, allowing passengers to take full advantage during the busy festive season.
“We can already offer our clients seamless links with Credit and Debit cards, Barclays Pingit and direct to carrier billing through Boku,” said Ashley Murdoch, CEO Corethree. “From an end user perspective PayPal is one of the most widely used online payment systems available which offers huge opportunity to our clients.”
“We’re pleased to work with Corethree to help transport and travel companies make it easier for their customers to pay for tickets quickly and securely on mobile and online,” said Mark Brant, General Manager of Merchant Services at PayPal UK.
Using Ripple's enterprise blockchain solutions, Standard Chartered has completed its first real-time cross-border payment for businesses with another major correspondent bank.
Digital payments giant ACI Worldwide is teaming up with VocaLink for real-time payments infrastructure.
Fresh from its $4.5bn IPO, Nordic payments processor Nets has picked Spire as its partner to help with the physical roll out of mobile payments for Dankort customers.
It seems laptops are about to catch the biometric fever as PayPal, Intel, Lenovo and Synaptics are collaborating to introduce FIDO-enabled embedded fingerprint solution to PCs.