Volkswagen wants to turn itself into more of a mobility company than a pure automaker, and it just made an acquisition that should help make that a reality. It's snapping up PayByPhone, a Canadian company that lets you pay for parking through smartphone apps, calls and text messages. The terms of the deal are hush-hush, but PayByPhone handles about $300 million in transactions per year across major cities that include Boston, London, Paris, San Francisco and Seattle.
Source: Wall Street Journal
VW's latest acquisition helps you pay for parking by phone posted first on http://ift.tt/1tUdcCk
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