(Last Updated On: May 1, 2014)
Kenya’s public transport system is yet to get a dominant player in the cashless fare payment system. Every few months a new player enters the market but none so far has made a big impact due to the lack of flexibility and diversity of options when making a cashless payment. Currently one has to own more than one card/payment mode to move from on vehicle to another.
PesaPrint Ltd has entered the market with much better features due to its integrated system. They have their own Metro Card plus you can also use NFC enabled Visa or Master Cards. This has already been taken care of by Equity and KCB who in the process of introducing Master Card prepaid cards which are NFC enabled. Automatic receipts are printed afterwards.
PesaPrint also accepts mobile money payments by use of Safaricom’s Lipa na Mpesa, Master Cards PayPass and Visa’s PayWave.
Public service vehicle owners can be able to track their vehicles using a service PesaPrint offers. This is a great route management service.
Kenya’s public transport industry is a sh205 billion industry which is largely untaxed. Firms offering the cashless payment system can easily make around sh2.05 billion if they just offer a one per cent commission fee.