Tikpay offers a ticketing and payment platform for transport operators and authorities, increasing revenue and lowering costs. Their solution reduces friction in transport payments, enabling travelers to pay easily through various methods. The platform also facilitates collaboration between operators.
Funding
$1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
BNFounders
Product
Problem
Many transport operators rely on outdated ticketing systems with proprietary hardware, leading to high costs and limited flexibility. Travelers often face friction due to a lack of seamless payment options across different modes of transport and operators.
Solution
Tikpay provides a cloud-native, account-based ticketing and payment platform that enables seamless fare payments for travelers while reducing costs for transport operators. The platform connects ticketing and funding methods to traveler accounts, providing access to multimodal options. Tikpay replaces legacy systems with commodity technology, delivering continuous enhancements and modern payment experiences. The solution supports both assisted and unassisted ticketing, allowing travelers to pay before, during, or after their journey using various methods, including contactless cards, digital wallets, and cash.
Target Audience
Tikpay targets transport operators and authorities seeking to modernize their ticketing systems, increase patronage, and reduce operational costs, as well as travelers who desire a more convenient and seamless payment experience.
Features
- True account-based ticketing enabling seamless fare payments
- Support for Pay Before, Pay Now & Pay Later ticketing options
- Automatic best fare calculation, including concession pricing and daily fare caps
- Multi-modal and multi-operator support
- Tap-to-travel functionality with payment cards, transit cards, and QR codes
- Enhanced data and traveler communications for direct engagement
- API-first architecture for integration with existing systems
- Mobile Payments on Commercial Off-The-Shelf (MPoC) capability