Commuters can pay for their taxi rides using the Touch 'N Go eWallet app following the company's strategic partnership with taxi services EzCab and Public Cab, with some 4,000 cabs already equipped with the QR payment method.
To pay with the eWallet, commuters first scan the taxi driver’s QR code, verify the amount to be paid, and then input their eWallet's six-digit PIN code to complete the transaction.
As the system only requires drivers to have a unique QR code, they do not have to install a terminal or additional hardware in their cars.
TNG Digital Sdn Bhd chief executive officer Syahrunizam Samsudin expects there to be 10,000 QR-enabled taxis by year's end.
“We want to convert the 67,000 registered taxis nationwide to QR payments with the Touch ‘n Go eWallet by the end of 2019 and help them become part of our growing merchant ecosystem," he said.
“This is more than just a payment solution, with the roll-out of this secure and convenient cashless payment platform, we want to help taxi drivers increase their customer base and tap digital savvy users,” added Syahrunizam.
EzCab chief executive officer Raymond Yap said technology has made it necessary for cabs to embrace new business models and that the QR-enabled payment method would give taxi drivers a competitive edge to sustain their livelihood.
Transport Minister Anthony Loke said TNG Digital Sdn Bhd has taken a step forward to help taxi drivers innovate in the digital age to ensure street-hailing remains customer-friendly and competitive.
"Making registered taxis in Malaysia QR-enabled will modernise taxi drivers and allow them to offer a convenient and safe payment option for commuters. I urge taxi drivers nationwide to adopt this cashless payment channel moving forward," he said, at the launch event on Nov 1.