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What Is...
All taxi commuters, have hilarious stories about the exchange of money in a taxi. Three people will bring R100 note, some R50 notes, others the exact taxi fare in coins which will end up underneath the taxi seats; while some are brave enough not to pay, prompting the driver to make a u-turn and drive back to the taxi rank.
Imagine if you didn’t have to walk two kilometers to the ATM to withdraw money and look for loose change just for you to ride a taxi. Imagine never ever having to do ‘Taxi math’ ever again. Well, imagine no more – Time for change has come!
What Will Be
MALII enables taxi commuters, to make payments in a taxi without the use of cash. Commuters download the app on a smartphone and upload funds in-app. When riding a taxi, they’ll find a QR code sticker positioned on the taxi window; they’ll simply scan the QR code with a smartphone and the driver receives payment notification.
Value proposition
Integrated public transport payment solution
We offer a MALII card & a mobile app which can be integrated with all public transport systems such as taxis, buses & trains.
Data driven efficiency
We leverage the high smartphone penetration, no extra device is needed. The collected data is used to ensure the taxi industry runs efficiently.
Flatten the curve
The World Health Organization stated that cash could transmit Covid-19. Contactless payments could reduce the risk of transmission.
The Why...
MALII is a financial technology company that brings technological and data driven solutions to the taxi industry. We believe in creating value for many and that innovation is a key aspect of economic growth. Our main mission is to merge the formal and informal economies in South Africa in order to promote inclusive innovation and development.
What do you see?
Inducted into the Alphacode Explore Programme
Inducted into the Alphacode Explore Programme which is run in partnership with Explore Data Science Academy. It is a customized 12-month programme which offers cutting-edge data science skills and hands-on training in building a 10X fintech business.
Inducted in eFounders Fellowship
A partnership between the United Nations Conference on Trade and Development (UNCTAD) and the Alibaba Business School which aims to shape young entrepreneurs in developing countries to become catalysts for the digital transformation of their home economies.
Proud Finalists at the SAB Foundation Social Innovation Awards 2020
SAB Foundation aims to support and scale social innovations that solve social problems, with a particular emphasis on innovations that benefit women, youth, people with disability or those in rural areas.
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