NYC Wants Drivers to Pay For Parking Tickets Via Apple Pay, Mobile Apps and Bitcoin Officials believe a revamped system would ultimately cut down on the losses the city incurs each year from unpaid violations.

By Geoff Weiss

Opinions expressed by Entrepreneur contributors are their own.

New York City is weighing new legislation that would enable drivers to instantaneously pay for parking tickets via Apple Pay, mobile apps and even Bitcoin.

The city collects roughly $600 million from 10 million parking tickets annually, according to MarketWatch. However, the current payment system is rather outdated: offenders can only pay online, through the mail or in person at the courthouse. And if they don't pay on time, late fees begin to accrue. This, along with a 2.5 percent credit and debit card fee, could change with the use of mobile apps and cryptocurrencies.

While no mobile options are currently available, the city also believes a revamped system would ultimately cut down on the losses it incurs each year from unpaid violations.

New York City's finance department is reportedly envisioning an "aesthetically pleasing" mobile interface by which drivers could either take a picture of their tickets or scan barcodes to make one-click payments, MarketWatch reports.

While no solid plans are in place, the city issued a Request for Information about such a system due on Jan. 15. This will help the city understand "the current market environment for mobile payment options" and whether this is a feasible solution for parking tickets.

Related: Microsoft Is Now the Largest Company in the World to Accept Bitcoin

Geoff Weiss

Former Staff Writer

Geoff Weiss is a former staff writer at Entrepreneur.com.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

'I Was Called Crazy': This 27-Year-Old's Side Hustle Hit $30,000 a Month in Under a Year — Now It's Worth Millions

Changing regulations forced Angel Rodriguez's jet ski rental company to shut down, and the young entrepreneur had to figure out his next move — fast.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Science & Technology

Want to Make Money With AI? Here Are Easy Steps to Unlock Explosive Profits in 2025

Learn to turn Google AI Studio into a profit-boosting machine with this three-step framework. Train AI to analyze data, uncover sales opportunities and maximize profits.

Marketing

Beyond Likes and Shares — How to Leverage Influencer Partnerships in the New Era of Social Media

Social media is evolving, and traditional marketing tactics are no longer enough. Learn how to leverage influencer partnerships, build authentic connections and navigate dark social to create impactful marketing campaigns that drive real engagement and trust.

Business News

'How Vulnerable Senior Investors Are': Morgan Stanley Was Ordered to Pay $843,000 to an Elderly Widow Who Was Scammed Out of Millions (and Not By Them)

The scheme involved multiple criminals who pretended to be technical support staffers, employees at the bank, and even government workers.