Wednesday 31th January 2018 – Flit Technologies, an urban mobility innovator and COMO Global S.A, the intelligent payments solution provider, have announced the launch of a new company called COMO Urban Mobility which provides a payment solution designed especially for the urban mobility industry.
COMO Urban Mobility will provide urban mobility merchants with a complete payment solution including automated reconciliation by transaction, invoicing and payment fulfilment. It also enables automated dynamic payment routing and payment splitting, useful for the pay-out of the supply chain and cross-channel transactions. For urban mobility merchants, this makes payments and managing cash flow simpler, cheaper and faster. It is particularly useful for travel merchants such as travel management companies and travel marketplaces where transactions involve many suppliers and providers.
Flit Technologies forms part of RCI Bank and Service’s ambition to capitalise on the opportunities offered by digital technologies to develop mobility solutions adapted to the new usages of its customers. RCI Bank and Services offers financing solutions to make automobile mobility more accessible to customers. COMO Global simplifies payments for merchants and their intelligent payment solution assists merchants manage the increasing challenges of today’s payments landscape.
“COMO Urban Mobility is an exciting new venture.” said Angela Nickel, Chairwoman at COMO. “We believe that technology should simplify payments and we remove the complexity being experienced by today’s digital merchants. Nowhere is this greater than in the urban mobility industry, which is experiencing such rapid change. COMO Urban Mobility will provide the urban mobility industry with a simpler, faster, and more cost-effective payment process.”
“Flit Technologies’ mission is to make urban mobility easier, better and more sustainable for everyone. We are building a global, open and transparent mobility ecosystem that serves everyone. One of the pain-points of the industry is payment. COMO Urban Mobility is a payment solution designed specifically for the industry, enabling us to add more value to the urban mobility industry,” said Nicolas Andine and Boris Pilichowski, joint-CEOs of Flit Technologies. “Urban mobility merchants are being challenged by the complexity of today’s payments world. COMO Urban Mobility simplifies the process, so providers of urban mobility can focus on what they do best without being distracted by the management of payments.”
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