DAVAO CITY, Philippines
— Starting today (Friday), Davao City will have the most advanced mode of payment for cabs in the Philippine history. The City is now at par with the rest of the world who is using the cashless payment in riding a taxi cab.
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Mabuhay Taxi, one of the biggest and oldest taxi fleet operators here in Davao City, teamed up with China Bank, BancNet and Megalink to pioneer cashless payments for taxis in the Philippines, according to Chinabank.ph
The deal, the first of its kind in the country, is a pioneering project to promote card-based transactions which is already popular in the rest of the world. China Bank Davao - Lanang Branch facilitated the deployment of state-of-the art wireless POS terminals of Mabuhay Taxi, one of its long-time valued clients, aided by the Bank’s Cash Management Services Division.
In an agreement signed by the parties last April 12, at least 20 units of Mabuhay Taxi will be installed with wireless point-of-sale (POS) terminals for the initial roll out. Over 200 units will follow.
The taxis won't even charge a minimum. "Even if it is below P100, the transaction will still be processed,” said Joselito Crisostomo, branch head of China Bank Davao-Lanang.
“I hope that more businesses will be inclined to adopt this technology as a payment channel for their goods and services,” added BancNet Executive Vice President and COO Aris Zafra.
Mabuhay Taxi is the first taxicab company in the Philippines to offer this service to its passengers.
And Davao City is the first City in the country who will experience this high tech ways of paying the taxi cab.
Meanwhile, Davao City Mayor "Inday"Sarah Duterte-Carpio also announced this on her Facebook Fanpage.
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