Pango USA and the Philadelphia Parking Authority have jointly agreed to suspend the MeterUp program in the City of Philadelphia effective 12:01 a.m. Wednesday, April 12.
Since the last quarter of 2016, when Pango was purchased and new ownership inherited the PPA Agreement, Pango has tried to work with PPA to find solutions that were consistent with the Agreement and that would give Pango the opportunity to make additional income beyond the $.01 convenience fee, to help limit losses.
After months of meetings without progress on those solutions, and since PPA demanded to cut off value-added services that were already in place, both parties have now agreed that this agreement cannot continue. The Pango team believes that we have provided the best possible mobile pay solution to the citizens of Philadelphia under the circumstances, and we thank those citizens for the opportunity to serve them.
Pango President & CEO John Incandela stated “we will continue to concentrate on current customers and look to develop new business through -out North America”. Pango currently has relationships across the nation, John continued “Our ongoing new added-value services, state of the art solutions and strong development team will continue to lead the way in this field” Pango has recently added new services Pango Save and a business merchant solution Pango Select.
About Pango USA
Pango is the FinTech company providing mobile payment services for parking, transit, ride-hail and other city services. Its offerings include mobile payments, navigation, and smart routing. Pango offers real time enforcement and traffic analytics and is available in more than 60 cities worldwide, serving more than one million active accounts. Invented in 1997, Pango received US Patent No. 5,940,481. With its Corporate Headquarters based in Miami, Florida, Pango has introduced first-of-its-kind technology in the United States; it has been in use since 2006.
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