After years of little innovation taking place, the driver payments experience is stepping into the future. Now, ride sharing app Gett UK has announced it’s collaboration with paytech company SafeCharge, meaning improved payments in the works for both consumer and company alike.
The collaboration primarily targets the problems caused by passengers having insufficient funds on their cards to pay for rides. SafeCharge will improve Gett UK’s transaction approval rates and ensure maximum recovery for failed transactions, when technical glitches have occurred or if there are insufficient funds on a customer’s card.
They will also enable smart logic such as Partial Approvals to collect the maximum amount of funds available on a user’s card if the total amount cannot be collected upfront.
“In London alone, almost half of all black cabs now run on Gett,”, Guy Douek, Global Head of Payments, Gett, told PaymentEye.
“When it came to selecting a new payments provider, we were looking for a strategic partner with the same commitment to delivering the best possible services to its customers. SafeCharge, with its flexible and open philosophy, data-driven approach and advanced technical capabilities was the perfect fit.”
“We are very happy to be partnering with an innovator such as Gett in the UK, and excited that we are continuing to add customers in new markets and regions around the world,” David Avgi, CEO, Safecharge, also told PaymentEye.
“It is clear our robust, flexible and open payments technology is a popular fit for merchants in different industry sectors looking to take back control of their payments infrastructure.”
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
