Interswitch Goes Ticketing with £56 million Bekoz Deal
Quote from Ndubuisi Ekekwe on May 16, 2019, 2:04 PMInterswitch Group is going all the way to win the ticketing business in Nigeria with £56 million deal with Bekoz UK Ltd. This is going to be a tough challenge due to the massive fragmentation in the sector. But if they thrive, they will become the operating system of bus ticketing in Nigeria. It is a very huge opportunity.
Interswitch Group, has signed a multi-billion Naira deal with Bekoz UK Ltd, a British transport ticketing company, to enhance transportation ticketing in Nigeria.
The deal, which is worth £56 million, (N26 billion), will leverage British technology to keep Nigeria’s commuters on the move through the launch of three products developed exclusively for the Nigerian market – the BeCard, the BeVal and the BeReader, with scope to expand this offer throughout Africa.
The BeCard is a regular shaped card – like any bank card or the Oyster card in London. The BeVal is the device that is installed on the buses where the passenger taps on – just like on the London buses, while BeReader is the mechanism that makes all these work.
Interswitch Group is going all the way to win the ticketing business in Nigeria with £56 million deal with Bekoz UK Ltd. This is going to be a tough challenge due to the massive fragmentation in the sector. But if they thrive, they will become the operating system of bus ticketing in Nigeria. It is a very huge opportunity.
Interswitch Group, has signed a multi-billion Naira deal with Bekoz UK Ltd, a British transport ticketing company, to enhance transportation ticketing in Nigeria.
The deal, which is worth £56 million, (N26 billion), will leverage British technology to keep Nigeria’s commuters on the move through the launch of three products developed exclusively for the Nigerian market – the BeCard, the BeVal and the BeReader, with scope to expand this offer throughout Africa.
The BeCard is a regular shaped card – like any bank card or the Oyster card in London. The BeVal is the device that is installed on the buses where the passenger taps on – just like on the London buses, while BeReader is the mechanism that makes all these work.