Univasa Nigeria Digitizes Public Transport Fare Payments

Univasa Nigeria has launched an innovative digital payment system to reshape the transport system in Nigeria and ease the payment system.

The platform ‘verify and pay’ was launched at the weekend in Lagos. Passengers hailing a cab can scan the barcode on the taxi to confirm the details of the driver and the vehicle, input their destination to check and negotiate fares, and select preferred payment options such as card payments or USSD.

The Verify and Pay is a new face to transportation in Nigeria, it has currently been launched for the Lagos Yellow Cabs but will also cut across other forms of transport within the state, Abuja, Kano and Port Harcourt before the end of the year.

Speaking at the event, CEO of Univasa, Dr Ben Adeniyi said “The verify and pay platform initiative was born out of the need to be an ‘Enabler’ to service providers and consumers. For us at Univasa, providing innovative services is at the helm of our operations and we continue to hold it as a top priority.

He stated that “As a driver partner with Univasa, you get to enjoy the convenience of receiving your payments instantly with our instant withdrawal feature, so ‘Cash or Card e no matter’ as we like to say and for the riders, we are offering you a chance to own your experience while hailing a ride.”

Representative of Universal Insurance Plc, Mr Ayodele Kumolu, said Universal Insurance have flexible insurance packages where drivers can apply and make payments in instalments either a weekly, monthly or yearly package.

Additionally, Univasa rolled out its Drive to Own empowerment program, which allows drivers on the Univasa ride-hailing app to pick a Univasa car as their vehicle of choice to work, make daily remittances for a duration of 18 to 24months, which will be deducted from their earnings from the app, and then the car is the drivers.

Univasa confirmed that the cars in the drive to own scheme have been insured with Universal Insurance Plc and tech partners, Mizala, the insurance covers the car, third party and life.

Univasa is a wholly-owned Nigerian Company that provides a one-stop solution to fulfil the daily needs of Africans via cutting-edge digital technology. Univasa launched its ride-hailing application in the later part of 2020 in Lagos with a partnership with the popular Lagos yellow cabs (LSTDCOA) with a campaign called ‘Baba dey Online’ and has since expanded operations to Ibadan, Port Harcourt, Benin City, Akure, Ilorin; Kwara state and Abuja.

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