Contactless Payments: Market Watches ParkMobile Acquisition Closely

Contactless Payments: Market Watches ParkMobile Acquisition Closely

In early March 2020, ParkMobile LLC announced that it would have a new owner. Currently, the business is in the middle of a pending sale from its parent company. The buyer is Stockholm-based EasyPark group – a big move that has many eyes in the industry watching.

While the terms were not disclosed, ParkMobile did share that its brand will be retained. According to a spokesperson, “ParkMobile has a very strong brand awareness in North American and there is no current plan to rebrand.” Atlanta-based ParkMobile LLC says it has more than 22 million users in 450 cities. 

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