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MIT Brings Latest Parking Payment Technology On Campus with the PayByPhone App

May 10, 2017


MIT Brings Latest Parking Payment Technology On Campus with the PayByPhone App

Newly adopted mobile payment service provides drivers with an easier way to pay for parking


CAMBRIDGE, MA (May 10, 2017) – PayByPhone’s mobile parking app has arrived at the Massachusetts Institute of Technology (MIT), providing students, faculty and staff with an innovative way to pay for parking. PayByPhone will help the campus decrease the costs associated with parking maintenance, while giving convenience to commuters. The service is currently offered at MIT’s 139 Mass Ave lot.

The app consists of several student-friendly features, such as the ability to extend your parking from anywhere, even the classroom. Other features include a countdown timer, and smart reminders that trigger before a parking session expires, reducing the risk of receiving a parking ticket, something any fiscally responsible student can appreciate.

MIT joins over a dozen other universities that have implemented PayByPhone as popularity for the parking app spreads throughout major universities in the U.S.. The app is also available in other areas of Massachusetts, including the Town of Concord and Park Plymouth, and at parking lots along ‘the T’, MBTA’s commuter rail.

“Universities are key to creating a seamless parking experience for our users,” explains Kush Parikh, President and CEO of PayByPhone. “As MIT is an advocate for progressive technologies, it is a natural addition to our university space.”

The PayByPhone app can be downloaded from the iOS App Store or the Google Play Store. Registration is easy to complete and can also be done at www.paybyphone.com.





PayByPhone is one of the fastest growing mobile payments companies in the world, processing more than $325 million 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.

Many of the largest and most complex parking operations in the world use PayByPhone, including San Francisco, Miami, Seattle, Vancouver, London and Paris. PayByPhone is wholly-owned by Volkswagen Financial Services, part of the largest auto manufacturer in the world, with brands that include VW, Audi, Porsche, Bentley, Lamborghini and Ducati.