Nairobi, March 31st, 2015
National Bank today unveiled a matatu card aptly dubbed “Na3card”. The Matatu CashLite fare collection solution was unveiled at the National Bank building by the Managing Director and CEO, Mr. Munir Ahmed.
While unveiling the card Mr. Ahmed said the solution will allow Matatu owners to collect and account for fares from commuters according to the National transport and Safety Authority (NTSA) requirements.
The solution empowers matatu operators to accept payments via different payments methods ranging from Cash, Mobile Money and card. It also provides them with the ability to monitor their fleet through the route management module. Multiple channels will be provided to load the card. These include National Bank Agent Network, National Bank ATMs, Mobile Money and Mobile Banking. He went on to explain that the card’s payment application will be installed on devices deployed in each matatu for the core purpose of; Acquiring card payment transactions, Recording fare collections and tracking the location of the device.
The acquiring device will be a Point of Sale (POS) with NFC capabilities. Receipts will be issued for payments made. This payment solution is unique because it will provide the system user to view summarized statistical information at a glance whenever they access the web portal.
The portal will have a dashboard that provides a view of the following:
- Passengers served (current day)
- Active Merchants
- Collections made (current day)
- Distance travelled (current day)
- Number of devices working optimally
- Number of devices needing attention