Ticket to Ride
The PayiQ Blog
Out of the Storm and into the Next Phase
While I am extremely proud of what our team accomplished in 2022, I would not want to revisit it, ever. At the year’s start we already faced serious challenges since the global pandemic had cut deeply into our core business of mobile ticketing, squeezing our cash flow and freezing our expansion plans.

Encouraging and Gamifying Emission Reduction – This is CITY Acc
These days every new smartphone application is fighting for the user’s attention, but users are getting tired and overwhelmed with the continuous need for more and more single purpose apps. The more customer demand one app can cover, the better value the user receives.

There is a need for a greener future
Pollution. Traffic jams. Not enough parking.
The current need for better public transport systems and a greener future are clear. As of now, mass transit creates 25% of CO2 emissions in Europe, but the industry is facing a change as Europe aims to become the first climate neutral continent.

Towards a Brighter Future: Q4/21 Brought in Plenty of New Business
The shift to mobile may be old news in some industries, but in others, like mobility, it still powers significant change. That’s at least our explanation for our growing numbers. For example, at the beginning of 2022, we saw the best daily sales in the history of PayiQ.

Switching Gears: Q3 Was Our Best Quarter Ever
It’s no secret that running a smart mobility company has been challenging when people stay at home. But now, the tide is turning, and we are in an excellent position to ride the recovery wave. For PayiQ, Q3/21 was our best quarter ever. People are moving again, both our revenue and customer base hit new highs, and we just finished a successful investment round.

The Growing Power of Super Apps
The trend of Super Apps is coming to the West from the East, where the biggest players have won the attention of users and become front-screen apps that continuously add new services. While many Super Apps originated from messenger services, there are other players, such as Grab, Gojek and Ola, which started from the transportation business. And we believe this origin brings tremendous potential for an app to become Super App.
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