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Cash is No Longer King: The Rise of Digital Payments In Taxi Sector!
September 29, 2022
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The Rise of Digital Payments In Taxi Sector!
Digital payments are becoming the norm for travellers. Cash is no longer king when it comes to making payments while on the go. With more and more people using smartphones and other electronic devices to make payments, cash is quickly becoming a thing of the past.
Learn about some of the most popular digital payment methods and find out why they are superior to cash when it comes to making travel-related purchases!
Why Cash is Dead and How Digital Payment is Winning?
It’s no secret that cash is slowly but surely becoming a thing of the past. In today’s digital world, more and more people are turning to digital methods of payment, such as credit and debit cards, Apple Pay, Google Pay, and even SMS payment links/QR codes. And there’s no sector where this shift is more apparent than in the taxi industry.
Sure, there are still some holdouts who prefer to pay in cash, but by and large, the trend is toward digital payments. And that’s where Lynkpay comes in.
Lynkpay is a company that is working to promote digital payments in the taxi sector. Their platform allows fleet owners to pay drivers using open banking dispersal, and passengers can now pay with cards, Apple/Google Pay, or by SMS payment link/Qr code.
Not only is this system more convenient for both drivers and passengers, but it’s also more secure. With Lynkpay, there’s no need to worry about having enough cash on hand to pay your fare—or getting shortchanged by a dishonest driver. Everything is done electronically, so you can rest assured that you’re getting exactly what you paid for.
The Benefits of Digital Payments for Drivers
As a driver, one of the biggest benefits of using Lynkpay is that you’ll save time. With Lynkpay, there’s no need to make a stop at the ATM to withdraw cash—which can often be a time-consuming and inconvenient process.
With Lynkpay’s open banking dispersal system, you can be sure that you’re getting paid promptly and accurately for each and every fare. No more waiting around for your fleet owner to get around to paying you!
And because the system is entirely electronic, there’s no need to worry about losing any cash—or being shortchanged. Everything is handled through the Lynkpay platform, so you can focus on what’s important: driving your passengers safely to their destination.
The Benefits of Digital Payments for Passengers
As a passenger, one of the best things about using Lynkpay is that it provides an extra layer of security. When you pay with cash, there’s always the risk that your driver could lose track of how much money they’ve collected from fares—and overcharge you as a result.
But when everything is done electronically via Lynkpay, there’s no chance of being overcharged; your fare will be calculated automatically based on your pick-up and drop-off locations.
In addition, paying with Lynkpay is more convenient than paying with cash; all you need is your phone. There’s no need to worry about having enough cash on hand—or finding an ATM before your ride home.
Plus, if you want to add a tip to your fare, it’s easy to do so via the app; just enter the amount you want to tip before confirming your payment.
Conclusion
Whether you’re a taxi driver or passenger, there are plenty of reasons to switch to digital payments via Lynkpay.
If you’re tired of carrying around cash or worrying about being overcharged, make the switch today! You’ll be glad you did!
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