Cubic Brings PayPal Payments to Rhein-Main-Verkehrsverbund Expanding Payment Options for Travelers in Germany
December 16 2019 - 12:02AM
Business Wire
Cubic Transportation Systems integrates PayPal
to offer more payment method options and convenience for
Rhein-Main-Verkehrsverbund customers
Cubic Corporation (NYSE: CUB) today announced its Cubic
Transportation Systems (CTS) business division integrated PayPal as
a new payment option for the Rhein-Main-Verkehrsverbund’s (RMV)
mobile ticketing platform. RMV is the operator of one of Germany's
largest public transport networks and is also one of Europe’s
largest transport associations. Payments with PayPal are enabled
for the Rhine-Main area in the State of Hesse, the metropolitan and
rural area around Frankfurt.
“It’s great to be able to expand our collaboration with RMV to
give travelers more flexibility in how they pay for their
journeys,” said Stefan Jacobs, general manager, CTS Deutschland
GmbH. “We were able to help RMV reach 20 million ticket sales
earlier this year and are going one step further in mobile
innovation by adding PayPal. We’re delighted to continue working
with RMV to incorporate new features that will benefit
travelers.”
Cubic integrated PayPal into the RMV app and mobile back office
system. It is the first time that weekly and monthly passes can be
purchased through a smartphone for the RMV ticketing system.
The collaboration will optimize the existing mobile ticketing
service which has been in operation for close to 10 years,
accommodating PayPal customers who wish to use this payment method
when using the RMV. This will make it possible for travelers who
prefer and regularly use PayPal to pay for their journeys,
increasing convenience and encouraging ridership. RMV provides bus
and train services for an annual ridership of 788 million.
PayPal has 23 million active accounts in Germany. Along with
regular users of the RMV, the integration will also make it easier
for travelers using a different currency to pay for their tickets,
due to PayPal’s global reach and availability in more than 200
markets worldwide.
About Cubic Corporation
Cubic is a technology-driven, market-leading provider of
integrated solutions that increase situational understanding for
transportation, defense C4ISR, and training customers worldwide to
decrease urban congestion and improve the militaries’ effectiveness
and operational readiness. Our teams innovate to make a positive
difference in people’s lives. We simplify their daily journeys. We
promote mission success and safety for those who serve their
nation. For more information about Cubic, please visit the
company’s website at www.cubic.com or on Twitter @CubicCorp.
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