STERLING Bank Plc in
collaboration with Primero,
LAMATA and E-Purse
Systems Limited have begun
implementation of e-ticketing
system for Bus Rapid
Transport (BRT) in Lagos.
This, according to a
statement from the lender,
followed the recent launch of
the scheme by the Lagos State
Governor, Mr. Akinwunmi
Ambode.
The e-ticketing system is an
integral part of the Intelligent
Transport System (ITS), which
will help commuters to plan
their journey and drastically
reduce time spent waiting
for buses at bus stops. Is also
helps in recording important
data in transport operations,
which will assist in planning
and regulating transport
services in the state.
Speaking during a bus ride
over the weekend by senior
executives of Sterling Bank
and other stakeholders to
demonstrate the workability
of the new payment system,
Mr. Yemi Adeola, Managing
Director and Chief Executive
Officer of Sterling Bank,
described it as an innovation
that is first of its kind in
Africa, adding that it is a
classic example of what
Public, Private Partnership
(PPP) should be.
He said the initiative
would not only transform
the transportation sector in
Nigeria alone but in the whole
of the African continent,
remarking that the role of
government is to create an
enabling environment for
people to go about their
businesses and also ensures
free movement of people
among others.
Adeola said the automation
of the fare payment system
would also move the
transportation sector from
the historical approach to a
modern method of payment
and also made it easy for
people to commute not only
in Lagos but in the whole
country.
The Chief Executive Officer
said the new payment system
would also transform the
Gross Domestic Product
(GDP) of the country.
Also speaking, Managing
Director of Primero Transport
Company, Mr. Fola Tinubu
explained how the contactless
card would work, adding that
it would run alongside with
the existing manual ticketing
system before the end of the
first quarter of 2018, when the
manual payment system will
be phased out.
Similarly, Mr. Olugbenga
Adams, Head of Digital
Banking described the
Automated Fare Collection
system as a unique and
modern way for payments of
fares on Urban Mass Transit.
The system is similar to what
exists in developed countries.
He explained that the system
is multi-modal and will
ultimately work on other
transport modes beyond the
buses.

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