PSV SACCOs Adopt Cashless Fare Payment System

Ummoiner, Cibet, Compliant MOA, ROG and Oma SACCOs have made this move in an effort to end cash payments for matatu fares.

Confirming this matter, Mwakio Ngale the General Manager, Fiber Space Limited says that the matatu owners approached him in a bid to fast track the adoption of the cards by passengers due to the losses being incurred.

“The move to enforce the cash light fare system is being driven by revenue losses that owners these matatu owners face and we have provided point of sale terminals and technical support”. Says Mwakio.

The matatu owners claim that the government’s relaxation on the implementation of the cash light system has pushed them to self implementation in a campaign that is now targeting over 100,000 passengers in Nairobi.

About 40 youth selling the ‘MY1963’ cards have been deployed, since Monday, during rush hours at selected bus terminals in Nairobi

R.O.G( River of God) SACCO whose matatus ply CBD through Jogoo Road via Landhes Road into Bahati Estate, Kimathi, Jerusalem, Uhuru, Buruburu phase 1, Outer Ring and Civil Servants Estate has set up February 1st as the last day any of their matatus will receive cash payment from passengers. 

In a bid to harmonize the PSV operations, the government last year introduced a raft of measures including moving all matatus into SACCOs and switching to cashless payments to increase transparency and reduce corruption on the roads.

By Dennis Gichangi.