Across major cities and towns in the Democratic Republic of the Congo, motorcycle taxis are an essential mode of public transportation, operating 24 hours a day. „Until now, these taxis have typically operated without formal registration. Paycode—an Africa-based fintech that ensures the delivery of low-cost financial services solutions to unbanked African citizens offline and in real-time—tapped IDEMIA’s expertise in identity, payments, and biometrics for a solution to register taxi drivers in the country.” according to a press release.
IDEMIA is supplying biometric devices and taxi registration payment cards in a solution that allows the Moto Taxi Association to operate a robust system that registers drivers and boosts financial inclusion.
Once drivers are biometrically registered, Paycode immediately personalizes and issues the payment cards to drivers. These cards enable drivers to identify themselves, as well as manage and pay their license fees directly from the card within a fully accountable system.
„This project is strongly aligned with our mission to bring biometric identity and low-cost access to financial services to everyone, no matter where they are. Operationally, we rely on hardware that can withstand the unique challenges and market requirements needed for last-mile delivery. With support from IDEMIA we are seeing great success in markets like the DRC and are looking at new opportunities to bring identity-payment cards to millions of people in Africa and beyond.” said Ralph Pecker – Executive Director & Founder at Paycode.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below: