The majority of transit riders nationwide pay for their travel in cash, either at the farebox, or at a ticket vending machine. In most cases, this is because riders lack access to other payment options, such as credit cards or Paypal. The vast majority of unbanked or underbanked riders have a smartphone, but they have been excluded from the convenience of mobile ticketing, because cash is still their only option for fare payment.

We know that cash is costly to collect, requires physical touch points and delays boarding. This is why moovel has partnered with a leader in the prepaid card industry to offer cash as a payment option in the Mobility App. Our goal is to lessen the burden of using and managing ticket vending machines and fareboxes and offset it by pairing our Mobility App with an established retail network and brand.