National Bank of Kenya has unveiled a new cashless payment card as
it moves to tap into the matatu billions. The Matatu cashlite fare
collection solution dubbed ‘ Na3card ’ empowers matatu operators to
accept fare via different payment methods ranging from cash, mobile
money and card.
NBK Managing Director Munir Ahmed said the solution provides operators with the ability to monitor their fleet through route management module. While unveiling the card Mr Ahmed said the
solution will allow matatu owners collect and account for fares from commuters according to the National transport and Safety Authority
(NTSA) requirements.
He said the card’s payment application will be installed on devices
deployed in each matatu to acquire card payment transactions, record
fare collections and track the location of the device.
