Paragon ID announces strategic investment in airweb
and takes a unique and world-leading position in Mobile ticketing applications
Paragon ID takes a unique and world-leading position in Mobile ticketing applications with strategic investment in airweb
This new partnership creates the opportunity for Paragon ID & airweb to leverage their respective solutions and market positions to deploy, worldwide, the most comprehensive & easily scalable mobile ticketing platform in the market.
John Rogers, Paragon ID Chairman & CEO, comments:
“Paragon ID’s leading position in the supply of transport tickets and cards and its strong relationships with many cities across Europe, USA and the rest of world, coupled with airweb’s know-how in the deployment of mobile solutions, gives us the opportunity to widen our offering and support smart cities in their transition towards digital solutions. We are delighted to be joining forces with airweb and we look forward to leveraging our combined expertise to develop a winning solution that can be a “real game changer” for both our companies.”
Clem Garvey, Paragon ID Deputy CEO, adds:
“This new platform is a stepping stone to boosting our development in digital payment services, enhancing our access to a market that is estimated to grow by 50%+ over the next two years . The completion of our mobile ticketing offering with the airweb technology will afford further opportunity for cooperation with our existing partners and technology stakeholders, with whom we continue to develop and consolidate long-term, strategic relationships.“
Xavier Debbasch, airweb CEO says:
“We are very proud and excited to start this strategic partnership with Paragon ID. This is a powerful association combining airweb’s digital culture and agility and Paragon ID’s NFC technology and market position. We are convinced we are setting a new standard and will provide our existing and future customers a great mobile ticketing customer experience.”
 According to Juniper Research1 Oct. 17, Market for mobile payment of transport and event tickets will grow from 14 billion in 2018 to 23 billion in 2020.