VW expands in mobile parking with PayByPhone takeover

(Telecompaper) Volkswagen has acquired Canadian mobile payments company PayByPhone. VW's Financial Services unit made the transaction for an undisclosed sum. PayByPhone allows users to pay for parking spaces over an app, call or text. Founded in 2000, the company claims to have processed over USD 250 million in transactions this year than and counts more than 12.5 million registered users. The takeover is expected to help the company expand to new markets and add more services to its payment pla