FAIRTIQ provides a mobile ticketing app that lets public‑transport passengers swipe in and out with their smartphone, automatically recording journeys and calculating the lowest fare or day ticket in real time. The platform integrates with transit operators’ back‑ends to deliver contactless ticketing, fare optimization, and analytics for agencies.
Funding
Funding not disclosed
Founders
Product
Problem
Public transport ticketing often requires physical tickets or cards, manual fare calculation, and complex zone-based pricing, leading to inconvenience and potential overcharging for passengers.
Solution
FAIRTIQ offers a mobile pay‑as‑you‑go ticketing platform that lets travelers start and end trips with a single swipe on their smartphone. The app automatically records the journey, calculates the lowest possible fare for the traveled route, and upgrades to a day ticket price when it is cheaper. Real‑time fare optimization eliminates the need to know zone boundaries or ticket types, and the system integrates with transit operators’ backend systems to provide seamless, contactless ticketing and accurate revenue reporting.
Target Audience
Primary users are public transport passengers in supported regions, while transit agencies and operators seeking a contactless, fare‑optimizing ticketing solution are the main B2B customers.
Features
- Smartphone‑based swipe-in/out interface requiring no additional hardware for passengers
- Automatic route detection and fare optimization, guaranteeing the lowest price or day ticket equivalent
- Real‑time fare calculation and ticket issuance, with encrypted data transmission to operator platforms
- Cloud‑hosted analytics and reporting dashboard for transit agencies
- Multi‑country support covering six regions and integration with 86 public transport partners
- SDK and API options for custom integration and tariff innovation