And at the same time materially increase operator patronage and margins, whilst reducing payment and ticketing costs by 40% or more
For modern cities to thrive, we need accessible transport that makes it easier for people to move from one place to another. But outdated hardware and systems are holding operators back from delivering the kind of seamless experience that today’s travellers expect.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.
Purchase Pay Before, Pay Now & Pay Later tickets using cards, accounts, and even cash
Always receive the best fare when using tap-to-travel for Pay Later tickets
Group accounts enable families, employers and agencies to easily fund traveller tickets
Concession pricing is automatically applied for non-cash payments
Tap-to-travel with payment cards, transit cards and QR, including on phones/wearables
Multi-modal and multi-operator tickets reduce friction and increase convenience
All the features of a next generation ticketing solution in a single platform
Multi-modal and multi-operator tickets readily supported by the back-office
Comparable pricing for a superior ticketing solution that future-proofs your business
Faster onboarding through reduced driver interaction and cash handling
Increased patronage through improved ticketing and payment experiences
Enhanced data and traveller communications enables direct traveller engagement
Pay Now with a driver or assisted ticket purchase
Pay Later with an unassisted ticket purchase
Pay Before for a school pass, weekly or multi-trip ticket
We’ve re-imagined mobility, making it easier for people to move through cities and connect with communities.
Accepts taps (on & off) from travellers, checks if the card is on the deny or decline lists, allows or blocks the traveller, and then sends the tap and trip metadata to the tikpay back-office.
Matches taps to create trips, determines the nominal trip fare, applies any concessions, discounts or caps, and then aggregates those trips into a single payment.
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.
Orchestrates payment authorisations and clearings (taking risk and rules into consideration), reconciles payment settlements, and optimises debt recovery.
Captures credentials and funding sources, stores trip and purchase information, records concessions, discounts and groups, and keeps customers updated with messages and alerts.
Determines revenue share for each operator where multiple operators are used, updates the account ledger, and orchestrates settlement payments at an agreed frequency.
We got rid of the need for you to use legacy systems - any of them. Commodity technology is more affordable, more flexible and more intuitive than proprietary hardware. We’ve removed reliance on out-dated (and difficult to update) systems to instead deliver continuous enhancements that enable operators and authorities to offer modern travellers the kind of payment experience they always expected.
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.
Tikpay is building a truly modern ticketing and payment solution that will empower travellers to pay for and use transport however, whenever, and wherever they choose - all whilst reducing ticketing costs for operators by 40% or more. Michael, Belinda, and the team are truly big-picture thinkers when it comes to the transport industry. We couldn't be more pleased to co-lead their pre-seed funding round alongside Black Nova Ventures.
As we introduce tikpay to new operators, we're onboarding limited partners 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.
tikpay acknowledges the traditional custodians of the land on which we live, learn, and work. We pay respect to their Elders past and present, and to all Aboriginal and Torres Strait Islander peoples. We celebrate the creativity and innovation of the world's oldest living culture.
