Drivers will soon be introduced to formal employment through the new electronic payment system that was presented by the local Department of Roads and Transport, says TaxiChoice.
According to the report, taxi drivers will be paid through the bank, which means that they will be able to build a credit record.
TaxiChoice said this new system will give a clear record of how many passengers the drivers have transported and commuters will no longer be paying cash in taxis, but rather using special cards, smartphones and coupons.
“It will allow them to become credit active. We found this is very important for them to buy houses, get study loans for their kids and buy cars.” TaxiChoice chief operating officer Thulani Qwabe explained.
On the same hand, Jotham Msibi, TaxiChoice Association’s executive chairman, said that the project is planned to allow for better control of cash in the taxi industry.
“The initiative is compliant with payment regulations and is a level-four banking standard, operating on the same platform that banks are using,” he said.
“This system is making use of a very high technology system and the same system can be used for buses and trains, to make public transport efficient, reliable and safe,” Msibi added.
Meanwhile, Gauteng Transport MEC, Ismail Vadi, said that the initiative was a good step towards achieving a greater goal of public transport commuters being able to use one card for all forms of transport.
“The standard that must be strived for is ‘One Province – One Ticket’ in line with the national electronic fare collection regulations,” he added.
“We want there to be one electronic card with no problems. This is a disruptive technology that needs to be used to our advantage but we must take our time,” Vadi said.
Vadi said that the initiative also intends to make taxi transportation safer for commuters.
“Now that the driver does not need to collect and count taxi fares he can be focused on driving,” he said.
The taxi digital fare collection system is owned and being implemented by FairPay.
TaxiChoice is SA’s African National Taxi Council (Santaco) commercial arm which is currently the sole shareholder in FairPay, with Curve Group Holdings as the technology partner.