An innovative and eco-friendly company in Rwanda has chosen NFC-powered ‘tap and pay’ mobile money as the only accepted method of payment for its services.
Pikiwash is a new motorcycle taxi wash company in Rwanda that uses a modern, enclosed, semi-automated machine that recycles the water it uses – up to 60 washes. Its eco-friendly technology was developed by MIT researchers, and the business concept was part of the founders’ own university research project.
Pikiwash only accepts payment via MTN Rwanda’s mobile money Tap&Pay service, because it simplifies record keeping and fraud management. MTN Tap&Pay is powered by near-field communication (NFC) technology developed by Youtap.
A CNBC Africa video here features an interview with Pikiwash’s founder and CEO, Junior Kanamugire, discussing his business idea and the market for his company’s service.