TAP and Go

TAP provides transit agencies with an innovative way to boost ridership while integrating seamlessly into existing fare systems.

TAP connects small businesses, public transit systems, and consumers through a unique tokenized rewards model.

Small businesses reward their customers with TAP tokens for purchases, encouraging repeat patronage and local economic growth. These TAP tokens can then be used to pay for public transportation fares, providing an added incentive for consumers to choose transit over personal vehicles.

An open-loop alternative

By integrating seamlessly with existing metropolitan transit systems, TAP allows users to pay fares by topping up their existing transit fare cards, or by using TAP's mobile app in card emulation mode, offering a frictionless and efficient experience similar to open-loop payment systems.

TAP's blockchain-based system ensures secure, real-time transactions with minimal administrative overhead. By adopting TAP, transit agencies can attract new riders, enhance community engagement, and support sustainable, multimodal transportation solutions.

Implementing TAP is seamless and requires minimal effort for businesses and transit agencies. The platform is designed to integrate smoothly with existing transit fare systems and point-of-sale terminals, allowing businesses to distribute TAP tokens effortlessly.

With a user-friendly interface and blockchain-based automation, there's no need for complex technical setups - businesses simply onboard, allocate TAP rewards to customers, and let the system handle the rest.

The entire process is designed to be intuitive, secure, and scalable, making TAP an easy solution for cities looking to enhance public transportation while supporting local businesses.

Key Features For Transit Agencies

Automatic Token Conversion

TAP tokens are automatically converted to local fiat currency when used for fare payments.

Smart Contract Enforcement

Tokens can only be used for transit payments, preventing misuse or transfer to other users.

Real-Time Transaction Processing

Transactions are processed quickly with minimal delay, leveraging blockchain's fast transaction times.

Dynamic Fare Adjustment

Ability to adjust the token-to-fiat conversion rate based on market conditions or other factors.

Platform Integration

Seamless integration with existing fare collection systems, enabling easy adoption of TAP tokens.

Low Transaction Fees

Reduced fees compared to traditional payment systems, optimizing cost efficiency for both the agency and users.

Customer Data Insights

Access to anonymized transaction data for improved service planning and marketing strategies.

Token Pool Management

TAP tokens are returned to the platform's pool after being used for fare payment, ensuring liquidity and balance.

Customizable Reward Programs

Transit agencies can design incentive programs for customers who frequently use TAP tokens.

Key Benefits For Transit Agencies

Cost Savings

Reduced transaction fees compared to credit card processing or traditional stored-value systems.

Increased Customer Engagement

By participating in the TAP rewards program, agencies can drive more engagement and loyalty among riders.

Faster Transactions

Real-time processing with quick token validation improves rider experience and reduces fare collection delays.

Lower Operational Costs

Reduced reliance on physical tickets, fare cards, and cash handling, leading to streamlined operations and lower overhead costs.

Enhanced Customer Loyalty

TAP tokens can incentivize customers to use transit more frequently, rewarding them for their patronage.

Market Expansion

As TAP tokens are valid across multiple cities, agencies can benefit from a growing customer base as the system expands.

Data-Driven Decision Making

Access to detailed transaction data allows transit agencies to analyze usage patterns, optimize routes, and better meet customer needs.

Support for Small Businesses

Aligning with the TAP platform's vision, agencies can promote local businesses by encouraging them to participate in the rewards program.

Sustainability

Digital payments reduce paper ticket usage, supporting sustainability goals for modern transportation systems.

Frequently Asked Questions

What is TAP?

TAP is a blockchain-based ticketing and rewards platform that allows consumers to earn and spend TAP tokens for transit fares. It enables small businesses to incentivize public transportation usage while providing transit agencies with a seamless digital fare payment system.

How does TAP benefit our transit agency?

TAP increases ridership by making public transit more accessible and appealing. It provides an additional payment method without requiring infrastructure changes, reduces cash handling costs, and creates a new revenue stream through partnerships with local businesses.

How does TAP integrate with our existing fare collection system?

TAP functions as a parallel payment system alongside existing transit fare collection methods. Riders use a mobile app in card emulation mode to pay fares at existing NFC-enabled transit gates and fare validators. No new hardware is required for the transit agency.

How do we receive funds from TAP token redemptions?

When riders use TAP tokens to pay for fares, the transit agency receives equivalent fiat currency from the TAP platform. This ensures seamless financial operations without requiring agencies to handle cryptocurrency directly.

Is TAP secure and compliant with transit regulations?

Yes. TAP leverages blockchain technology to ensure transaction security, fraud prevention, and transparency. The system is designed to align with transit fare collection standards and regulatory requirements.

Can TAP help with fare affordability programs?

Yes. Transit agencies can collaborate with local businesses to subsidize fares through TAP, making transit more affordable for low-income riders. Agencies can also issue discounted or promotional TAP tokens as part of fare assistance programs.

Does TAP support open-loop payments?

TAP functions similarly to open-loop systems, allowing riders to pay fares using their TAP balance without needing a separate stored-value transit card. It provides a frictionless experience similar to Visa/Mastercard contactless payments.

What is the TAP Genesis Card, and how does it work?

The TAP Genesis Card is the key to discounts and perks across all participating transit agencies. It provides agencies with upfront revenue while offering riders flexible, multi-city travel options.

What are the costs of implementing TAP?

TAP is designed for cost-effective adoption. Since it works with existing transit fare infrastructure, no additional hardware is required. The platform operates on a revenue-sharing model.

How can our agency join the TAP network?

Transit agencies can partner with TAP by enabling TAP payments at fare gates and establishing a fiat settlement agreement. Contact us to discuss onboarding and revenue-sharing opportunities.

Still have unanswered questions? Get in touch