Tap to pay on Danfo? The future of payments on public transport

Episode 124 September 13, 2022 00:55:24
Tap to pay on Danfo? The future of payments on public transport
Techpoint Africa Podcast
Tap to pay on Danfo? The future of payments on public transport
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Hosted By

Emmanuel Paul Oluwanifemi Kolawole Chimgozirim Nwokoma

Show Notes

Today on the Techpoint Africa Podcast we discuss how to enable a cashless economy in Africa, using Lagos, Nigeria as an example.

Our guests, Co-founders of Touch and Pay (TAP), Afolabi Olamide (CEO) and Micheal Oluwole (Chief Growth Officer), explain how a single card could disrupt the future of payments, starting with the Lagos transport system.

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Timestamps

00:00 - Intro
00:20 - We meet Olamide and Michael
02:47 - What Touch and Pay (TAP) is
06:25 - How TAP has evolved over time
10:24 - How this can help financial inclusion
17:33 - Are there enough people using this solution?
24:12 - Is this payment solution scalable to all forms of transportation?
28:03 - Let's talk numbers
29:53 - Will this work with other transactions?
35:19 - Why use a Cowry card when you have other options?
40:30 - What are the biggest challenges in payments in Nigeria?
46:04 - How has adoption been like?
48:58 - What's the future for this?

Useful link
How Touch and Pay (TAP) got 1.5 million Lagosians to adopt cashless bus rides 

This episode was produced by Ogheneruemu Oneyibo and Gracious Sede

Email us your feedback at podcast@techpoint.africa. Visit www.techpoint.africa for more stories.

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