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Home Business News Business

Lagos Bus Services commence deployment of contactless payment card to commuters

Chike Olisah by Chike Olisah
March 23, 2021
in Business
Lagos Bus Service records 10 million passengers in 10 months, to compete with PlentyWaka, OBus
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The Managing Director/Chief Executive Officer of Lagos Bus Services Limited (LBSL), Mr Idowu Oguntona, has announced that the company commenced deployment of the long-awaited contactless payment card called Cowry Card from Monday, March 22, 2021.

The payment card was introduced by the Lagos Metropolitan Transport Authority (LAMATA) to ease the process of transportation payment and make daily commuting pleasurable and stress-free.

This disclosure was made in a press release issued by Oguntona, on Monday, March 22, 2021.

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He said in appreciating the trust and support of the masses for its operations, the company has initiated a promotion that will reward customers with 20,000 Free Cowry Cards across its approved stations and routes.

Oguntona explained, “All you have to do is ‘Tap-In’ at the beginning of your journey and ‘Tap-Out’ when alighting from the bus. I will implore our teeming customers to visit our stations, register, get their cards and start using it immediately.’’

While noting that the new mode of payment is in tandem with what is operational in other smart cities, the Managing Director declared that the move is to ensure safe, fast and secured transportation across the metropolis.

Oguntona added that the use of a cowry card becomes necessary considering the population density of Lagos State which requires an effective transportation system.

He promised that LBSL will continuously provide a unique commuting experience to its teeming customers at affordable fares and appealed to Lagosians to take the advantage of the opportunity provided by the present administration to reduce traffic congestion in Lagos State in line with the T.H.E.M.E.S. agenda.

The Managing Director also encouraged Lagosians to imbibe the culture of using public bus transit to eliminate unnecessary traffic gridlock on roads as well as reduce stress and cost of maintaining their vehicles.

What this means

This is seen as part of an effort by the Lagos State Government to improve the transportation system across the state.

This will encourage more commuters to use the bus transport service so as to help reduce the number of private vehicles on Lagos road thereby traffic congestion across the state.


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Tags: Lagos Bus Services LimitedLagos Metropolitan Transport AuthorityLAMATALBSL
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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Comments 3

  1. ADENIJI williams says:
    March 24, 2021 at 3:23 pm

    It’s a good development but ikorodu terminal is worse when u want to board especially fadeyi quee so we need the management to interfere

    Reply
  2. Ann Akinlabi says:
    March 24, 2021 at 9:00 pm

    The card has been in use since August 2020.. It was sold at #400 per card that time. I bought mine then.

    Reply
  3. Tina says:
    March 26, 2021 at 7:54 am

    I recently purchased the card for #300 it wasn’t free and the card even debits if you don’t tap out
    I once boarded a bus of #300 and I was told to recharge #500 that I will be refunded #200 at the end of the trip surprisingly they debited me #-100 after the trip
    Please this idea is just a scam
    I am really disappointed
    If ders a way we don’t need to tap out but the exact date deducted only
    I know I am not the only one affected

    Reply

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