Toman Startup: We Will Be the Pioneer of Smart-City Platforms - TechRasa
18 March 2019 2:08 PM IST
FinTech startups usually use bank investments to enter the market, but Toman is different. It has entered the market without any bank investments. In the course of the past 7 months, Toman has obtained a considerable part of the online transactions of taxi fee payments.
- Despite bank rivals in the field of Taxi fees and Value-added services, Toman worked so well that in less than three months, it hit 1000 daily payments.
- On the other hand, considering the high penetration rate of smartphone in the country and with 60 million users of high-speed mobile internet, implementing digital wallet is a logical solution.
- We have a high penetration rate in banking services, POS machines and electronic transactions (by cards).
- The instant payment is done via PSP transaction services, since they transfer the money to the startups’ accounts at the end of each day and the startups settle with drivers the next morning.
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