Payment solutions outfit, 1963, has inked a partnership deal with sixteen cooperative societies – SACCOs – in Nakuru, Kenya to enable about 700 public vehicles and private vans – Matatus – run on the electronic payment system.
According to a report on TechMoran, the SACCOs led by 3NTO, Bahama, Naloki, Phase Two Sacco, and Highway Travellers which ply routes to Nairobi, Nakuru, Naivasha, and Lanet, as well as within Nakuru County itself have led the early and aggressive adoption of the cashlite system in a move to help the Matatu owners move to streamline the revenue collection from their vehicles
Electronic fare payments was introduced into Kenyan public transport last year by the sector’s regulator, the National Transport and Safety Authority (NTSA), but the adoption hasn’t really taken off.
“Although the number of registered cards in Nakuru County is still lower than Nairobi, due to the wide population gap, there is consistency in how people are using the card and the uptake is now faster compared to Nairobi,” said Mwakio Ngale, the General Manager at 1963.
Image credit: financialtechafrica
