FLEETCOR® Acquires PayByPhone, a Global Digital Parking Company
Expands Vehicle Payments for Businesses and Consumers
“We are delighted to announce the PayByPhone acquisition. Our acquisition was driven by two key strategic objectives. First, by providing our customers access to one of the world’s leading parking apps, it helps expand the vehicle payment solutions we provide our B2B fleet customers in
PayByPhone is a leading digital parking payment provider with over 6 million monthly active users who find and pay for parking in a network of more than 1,350 parking operators in
PayByPhone is one of the fastest growing mobile payments companies in the world, processing over 200 million payment transactions in 2023. Available in eight countries, PayByPhone helps millions of consumers easily pay for parking without the hassles of coins, lines, or fees. Their smart, intuitive technology is at the center of their user-first approach, delivered to make everything as simple as possible. For more information, please visit www.paybyphone.com.