ParkJockey, a Miami-based fast-growing startup that helps consumers find and reserve parking spaces in advance, and PayByPhone, a leading player in mobile payments for parking by phone, are exclusively partnering to deliver a comprehensive set of off-street and on-street parking services, the companies announced Monday.
ParkJockey, focused on helping to solve the urban mobility problem, now operates in Miami, Chicago, New York, San Francisco and all major cities in the United Kingdom and has more than 100,000 parking spaces in garages, surface lots and valet operations available through its app. PayByPhone processes more than 4 million parking-related transactions a month in cities across Europe and North America, including the Miami metro area.
The partnership will essentially bring on-street and off-street parking together. Through the partnership, PayByPhone will integrate ParkJockey’s off-street parking location and reservation services into its PayByPhone mobile app, and ParkJockey will integrate PayByPhone mobile payment services into the ParkJockey app. Phase 1 of the partnership will initially focus on the U.S. and the United Kingdom, followed by the European Union and Canada, said Umut Tekin, co-founder and president of ParkJockey, which began offering services in Miami about two years ago.
The parking technology market continues to be very fragmented, with legacy companies as well as startups struggling to grasp how to effectively engage the market, said Tekin. “Through our partnership with PayByPhone, we will be able to rapidly consolidate the market and build the world’s largest parking marketplace,” he said. “We look forward to scaling our integrated solution globally and bringing the parking industry to a similar level to that of the taxi/ride sharing industry in terms of 21st century consumer experience.”
The two companies plan to introduce the integrated services to their customers early next year.