Someone said that a matatu owner is the seventh or eighth person to get paid at the end of a busy day, only getting residual cash after the driver, turn boy, tout, tax man, council person, policeman, and sometimes the driver's girlfriend have taken their cut. But on Tuesday April 30, Google and Equity Bank unveiled BebaPay, a cashless way for commuters to pay for transport in buses in Kenya - and which propels owners right to the front of that queue.
The transport sector has many challenges and is known for some unpleasant habits like reckless driving, price hikes when it rains, bribing traffic police, ill-treatment of passengers, having unroadworthy vehicles etc. - but some investors who purchase the vehicles than can cost an average of Kshs. 4 million ($47,000) believe that a common ... [view whole blog post ]