Mobility as a Service (MaaS) is an innovative transportation development model that has been very hot in recent years. It can effectively integrate transportation resources and provide more intelligent transportation services, greatly improving people's travel efficiency and user experience. However, MaaS currently focuses more on the service level and does not use and integrate the underlying various traffic data innovatively. The city generates a variety of massive traffic data every day. If we can make full use of these traffic data for intelligent decision-making, we can provide users with more intelligent, convenient, and comfortable traffic services. The MaaS system can realize the interconnection and intercommunication of transportation equipment in the entire transportation system by using the Internet of Things (IoT) technology and output intelligent transportation services by collecting and analyzing transportation data, thereby providing better solutions for urban transportation development. This paper will review the existing research on the combination of MaaS and IoT, and introduce the key technologies of IoT, as well as the application cases of IoT on MaaS, and finally discuss the future challenges and prospects of the IoT on MaaS.