Private Sector Foundation Uganda (PSFU) in partnership with MasterCard Foundation through the COVID-19 Economic Recovery and Resilience Response Program (CERRRP) have supported KaCyber Security Technologies Limited, a transportation and logistics technology company whose mission is “to make seamless mobility a reality in Africa” to pilot an electronic ticketing system together with bus operators that will close income leakages and enable passengers to pay for bus tickets online, in a safer and more convenient way.
The Covid-19 pandemic has changed the way many businesses operate and KaCyber’s Electronic Ticketing solution brings unprecedented efficiency in Uganda’s transport sector.
While signing the agreement the Chief Executive Officer and Founder of KaCyber, Mr. Innocent Orikiiriza together with his team, emphasized that their digital solution will minimize income leakages, reduce operational costs while providing a safer and convenient ticket booking experience to their public transport users. He said the current data reveals that transport operators lose 30 to 40 per cent of their revenue when using manual booking systems.
Because of what the sector is going through, Private Sector Foundation Uganda and KaCyber are optimistic that this digital solution will add value to the transport sector by contributing towards national efforts on safety and business recovery and resilience in the face of the COVID-19 Pandemic.
He reiterated that the new Electronic Ticketing App would create convenience for passengers, who have had to endure the chaos to physically visit bus parks just to book a ticket for their trips.
The Private Sector Foundation Uganda is confident that this new technology is an opportunity for Uganda’s transport industry to transform and benefit both passengers and the business owners in the sector. Private Sector Foundation Uganda has offered UGX 35,134,500 (Thirty Five Millions One Hundred Thirty-Four Thousand Five Hundred Shillings Only) to this programme that will see KaCyber onboard new users on its Online ticketing App and also enable bus operators to pilot the new system and reap the benefits and efficiency provided by the system.