The Peninsula Taxi Association (PTA) in South Africa has launched a electronic fare collection system, granting commuters cashless fare and discounts when using the newly developed contactless-enabled transit card, according to The Cape Times.

Together with DigiCore and Absa Bank, the PTA has installed the EMV compliant system – dubbed Tap-I-Fare – into more than 40 taxis operating on the Cape Town route between the City Centre and the Victoria & Alfred Waterfront.

The contactless system offers a variety of benefits for both parties including cashless fare – which translates into rapid transit payment exchange the taxi operators – as well as special fare discounts taxi commuters.

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