Safaricom, NCBA win cashless matatu fares platform contract



Business Daily | by James Kariuki


Safaricom is among a group of lenders and IT companies that have been licensed to offer cashless payments in Public Service Vehicles (PSVs), setting the stage for the ban of use of cash in public transport.

In a notice, National Transport and Safety Authority (NTSA) said the licensed 29 companies will offer a platform for cashless fare payment service.

This was in response to a June 16, 2020 tender where NTSA sought tech companies to install mobile software and web applications for the nearly 200,000 matatus in the country…

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