Switzerland-based start-up Fairtiq said transactions for its fare-payments technology have more than double since February, as Covid-wary riders continue to seek what they consider to be more hygienic payments methods, as well as more pay-as-you-go options.
Fairtiq founder and CEO Gian-Mattia Schucan told NFC Times' sister publication, Mobility Payments, that transactions in the company’s check-in/check-out app–which is available throughout Switzerland and in a growing number of cities in Germany and a few other Western European countries–increased from 200,000 per week in February to more than 500,000 per week at present.
He said the growth is the result of increasing usage by riders of existing transit agency and operator clients, not from new clients. The transactions include those in Fairtiq’s consumer-facing app, as well as Fairtiq technology incorporated in a small number of other apps.
