LAHORE: Cashless payment solution for Lahore Transport Company`s passengers -TPL Rupiya -has joined hands with a bank and a software company to allow passengers to pay fare usingtheirbank accounts.

Under this partnership, TPL Rupiya will provide extension to UBL Omni services for its existing customer base that are relying on mass transit system. This solution will enable LTC passengers to availañrst of its kind `Tap n Pay` solution.

TPL shall issue NFC cards for online payments and the UBL Omni bank accounts will be linked for making these payments.

TFL Rupiya, using its e-ticketing system, is currently serving more than 100,000 passengers across multiple LTC bus operators.

Ali Jameel, Group CEO, TPL Holdings, said the project aimed to facilitate masses would lead Pakistan in digital era. `Pakistan has witnessed digital economics transformation that has changed the way how we transact and manage payments. Now we should step up to pay with single wallet i.e. digital platform or card or mobile (tap and pay). It will further reduce the need of cash.

Arif Sirhindi, Group Executive, Payment Services Group UBL said: `Collaborating holds critical significance for successful transitioning to a cashless economy. All the stakeholders will have to put in their efforts to create a lasting impact. UBL aims at convenience for customers and LTC passengers can now pre-load their cards from UBL Omni and just tap n pay to commute.

Nadeem Hussain, Group CEO, Planet N, said: `We are moving from cash economy to digital economy. The benefits will not end here, once people are brought to digital economy, we can offer them credit, life insurance, health insurance and savings programmes.