Touch and Pay Launches New Interstate Transport Payments Solution
Nigerian fintech startup provides payment infrastructure that allows contactless cards to be used on buses and ferries.
Touch and Pay (TAP) has announced the democratization of interstate travel from Nigeria’s largest city, Lagos, to other parts of the country.
The startup has extended its operations by enabling contactless payment cards for interstate commuting in Nigeria. TAP is advancing financial inclusion among the mostly unbanked population by effectively processing micropayments ranging from 10 cents to US$10.
It is now possible for passengers to pay for their trips using the Cowry app, even if they are traveling through multiple states in the country. This service is now available for all formal and informal interstate travel operators within the city.
Olamide Afolabi, co-founder and CEO of Touch and Pay Technologies, said: “TAP is proud to be the first service to level the playing field regarding 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.”