Fintech distributes Aid’s Interstate transport booking across Nigeria

Fintech distributes Aid’s Interstate transport booking across Nigeria

Touch and Pay Technologies (TAP), a Nigerian fintech company and microtransaction processor in Africa, has deployed technology that helps interstate travel from Lagos to other parts of the country.

Today, there are over a million interstate trips daily in the country, with 40 percent of the trips originating or terminating in Lagos State. Passengers now have the opportunity to interact with TAP’s state-of-the-art ticketing and booking system every year without the need for cash. The new digital technology prioritizes environmental sustainability and improves service delivery.

In addition to the launch of the digital payment solution for interstate travel, TAP has also partnered with the Lagos State Ministry of Transport to accredit and vet all intercity bus fleets in the state. This provides a unified system to regulate transport routes, schedules, capacities and prices that have been challenging for state governments and operators until now.

The proposed transport system aims to improve efficiency, safety and security by introducing several key features such as standard and licensed parks and a single dashboard for emergency and rapid response.

Bus owners and drivers will benefit from a cashless system and access to bus financing from transport data, along with new incentives for mobility companies to participate.

Commuters will have access to one unified platform for booking, a cashless system and data and credit advance systems for passenger journeys.

actors will have new opportunities to participate through a new platform that integrates credit, private bus owners and mobility companies, which will increase the overall efficiency of the system.

Co-founder and CEO of Touch and Pay Technologies,

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Olamide Afolabi, in a press release, made available to LEADERSHIP, said: “TAP is proud to be the first service to level the playing field when it comes to transportation in Lagos. Commuters often have to book tickets in advance to avoid queuing.

“Previously, bus passengers had to physically visit counters and speak to attendants to book and pay for their rides. This is no longer the case. Customers taking an interstate trip can now access the details of their journey, including the ability to purchase tickets and choose seats of their choice, without having to leave their home.

Co-founder and Chief Growth Officer of Touch and Pay Technologies, Michael Oluwole, stated: “Our interstate booking feature offers commuters convenience and enables transport providers to invest in improving interstate travel. By reducing the need for cash transactions, transport companies can streamline operations and reduce expenses . Our new app can be seen as a win-win for both commuters and transport providers, as it contributes to a more efficient and comfortable public transport system.”

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