Fintech introduces Contactless Payment for Public Transportation

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A mobile app will soon be used by travellers in Lagos to pay for interstate travel, according to the fintech business Touch and Pay Technologies.

Passengers can now pay official and unofficial interstate travel providers inside the city using the company’s Cowry app, according to the company.

It explained that the interstate booking feature on its smartphone automates passenger seat allotment and payment.

It stated that every day, more than a million interstate travels were made in the nation, with around 40% of those trips beginning or ending in Lagos State.

Olamide Afolabi, co-founder and CEO of Touch and Pay Technologies, commented on the launch, “TAP is proud to be the first service to level the playing field when it comes to transportation in Lagos.

“Commuters often need to reserve tickets in advance to avoid waiting in lines. In the past, bus passengers had to physically visit counters and engage with attendants to book and pay for their trips. This is no longer the case. Customers taking an interstate trip can now access the details of their journey, including the ability to buy tickets and select the seats of their choice, without ever leaving the comfort of their homes.”

In addition, Michael Oluwole, the company’s co-founder and chief growth officer, said “Our interstate booking feature offers commuters convenience and enables transport providers to invest in enhancing interstate travel.

“By reducing the need for cash transactions, transportation companies can streamline their operations and reduce expenses. Our new app can be viewed as a win-win for both commuters and transport providers, as it contributes to a more effective and comfortable public transportation system.”

The company added that it has collaborated with the Lagos State Ministry of Transportation to accredit and inspect all inter-city bus parks in the state.

This will give the state a uniform system for controlling transportation routes, schedules, capacities, and costs, it was noted.

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