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VW's Financial Services division purchases PayByPhone, used by 12.5 million to pay for parking

In what many may see as a slightly strange move, the Financial Services division of the Volkswagen Group has purchased the leading way to pay for car parking, PayByPhone. The amount the Group will pay, or any other terms of the deal, has not revealed.

PayByPhone has over 12.5 million registered users worldwide, processing more than $250 million in parking payments in 2016 alone. When you consider that a parking fare is nothing more than a few dollars, that's quite a lot of individual payments. The company says that the purchase will allow it to "explore new ways to expand our mobile payments technology" and it is "[looking] forward to accelerating our consumer parking and payments agenda made possible by this deal".

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PayByPhone's app enters the 21st century with a big modern redesign and Android Pay support

Current Android standards have changed massively in the last few years, going from the days of no real design language in Gingerbread, to Holo in Ice Cream Sandwich, to material in Lollipop. It's startling, then, to see an app that has been languishing in the dark ages get a big update. PayByPhone, a leading pay-with-phone parking app, has just been updated with a major redesign and Android Pay support, giving it a much needed boost into this era of app design.

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