But outdated hardware and systems are holding operators back from delivering the kind of seamless experience that today’s travellers expect. That’s why tikpay isn’t another transaction platform; it’s a native account-based enabler of seamless fare payments, however, whenever and wherever travellers choose to pay.
Tap. Scan. Sign, or share. Being truly friction-free means letting travellers access multi-modes of transport with whatever means works best for them.
Because credentials are linked to an account, users know they’re always getting the best fare for their type of travel (e.g for families or employees).
On-demand, after they need it, or all in advance. tikpay accommodates the needs and expectations of different types of users - tourists, commuters and occasional travellers - across multi-operator products.
tikpay frees you of the restraints - and the responsibility - that comes with using, maintaining and upgrading proprietary hardware, reducing both opex and capex.
We’re continually deploying upgrades with new features and improvements that are all included in your subscription.
Offer more flexible products, pricing and promotions, support travellers with account and concession records and use valuable data and insights for more informed decision making.
Secures credential data, checks credentials against lists (e.g. lost/stolen, insufficient funds, low balance or expired product) and manages risk by creating a score for every transaction.
Captures credentials and funding sources, stores trip and purchase information and keeps customers updated with messages and alerts.
Matches taps to create trips, determines the nominal trip fare and the best fare for the day, and considers risk to initiate payment clearing at any point.
Orchestrates payment authorisations and clearings, reconciles payment settlements and optimises debt recovery.
Enables prepaid, decoupled and invoiced accounts for travellers, companies and government, processes transactions and facilitates account settlements.
Determines revenue share for each operator where multi-operators are used, updates the account ledger and orchestrates settlement payments at an agreed frequency.
"The transportation space is going through a paradigm shift where the traditional systems of payments have created obstacles for both commuters and providers, combined with inefficiencies in reconciling transactions. tikpay is aiming to disrupt this space and we’re super excited to back them and support them on their journey."
As we introduce tikpay to new operators, we're onboarding limited customers at a time. If you're curious about how tikpay could work for you, or you’d like to know more about supporting our growth, reach out to start the conversation.Get in touch