The benefits and merits of a cashless transport payment system in Africa, are extensive, in both congested cities and more rural farming areas. But introducing a cashless fare payment system isn’t without its technological and other challenges. While the implementation of digital payments has the potential to bring about significant improvements and growth in the transport industry, its success depends on many factors, including the incentive structures between drivers, operators and passengers.
It is crucial that all factors be taken into consideration in the overall design of the digital payment system, such as the structure of the income risk landscape, and the interests of owners, operators and other stakeholders in the transport industry.
Waxd works with relevant parties to ensure that the implementation of its cashless payment system is aligned with broader infrastructure needs. while at the same time fulfilling the requirements of stakeholders and consumers.
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