Taxi drivers in Dubai may now deposit their earnings right away, cutting down on the time they spend waiting around after each shift. This is accomplished by linking Transguard’s Smart Cash Deposit Machines with the backend system of the Dubai Taxi Corporation (DTC) (SCDMs). According to Nick Beer, Chief Financial Officer, Transguard Group, “Dubai residents heavily rely on cabs, therefore anything that might boost the response speed and efficiency of this mode of transportation is always well-received.”
Before the introduction of Transguard’s SCDMs, DTC drivers stood in long queues to deposit cash with in-office cashiers who worked limited hours. Once collected, the cash was reconciled manually, a time-intensive process, and would only be deposited to the bank the next working day.
Quick deposit
With the new machines in place, drivers can skip the queue and quickly deposit their cash at any time of the day or night. The machines’ technology also seamlessly integrates with regional taxi meters and DTC’s ERP platform, thus facilitating end-to-end reconciliation immediately after the cash deposit.
“Giving drivers the opportunity to directly deposit cash into SCMDs at the end of each shift minimises their manual work and the waiting time at the cashier office,” adds Manu Kataria, Director – Commercial Cash Services. “The benefit for Dubai’s travellers is that more taxis on the road will get them to their destination faster; the benefit for DTC, of course, is increased revenue off the back of the increased availability of their vehicles.”
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