Published in Business
An indigenous tech outfit, MyKab is fighting back Uber and Bolt for market share.
October 12th, 2020
An indigenous tech outfit, MyKab is fighting back Uber and Bolt for market share.
MyKab, an indigenous ride-sharing app, launches operation in Nigeria to overhaul the e-hailing sector;
Seun Dada, Founder of MyKab, says the tech startup has a sustainable model that ensures a WIN-WIN for both Drivers and Riders;
The company has a wallet feature that gives drivers comprehensive insurance, loan real estate plan, health, and pension facilities;
The company says it will help drivers navigate the hurdle of regulators and contribute to economic growth.
MyKab, an indigenous ride-sharing app, has launched in Nigeria to overhaul the e-hailing sector and fight the inadequacies of Uber and Bolt.
Launched in Lagos last week, MyKab Technology Nigeria Limited aims to help the drivers navigate the hurdle of regulators, reduce unemployment, and contribute to economic growth.
Seun Dada, Founder of MyKab, says as the tech startup has a sustainable model guided by ethical principles, it ensures a WIN-WIN for both Drivers and Riders.
“We aim to ensure a smooth riding experience by the riders and drivers. We want to give alternatives to those using Uber and Bolt drivers. It is a new app in the e-hailing service to change and overhaul the sector and give stakeholders a good partnership.”
In the ride-sharing sector, however, MyKab will need to face several hurdles, including tax from the government and stiff competition from Uber and Bolt.
“I think the platform is good for us…”
The startup says it has partnered with the National Union of Professional e-Hailing Driver Partners (NUPEDP), an affiliate of the Trades Union Congress.
“I think the platform is good for us, Comrade Akande Wasiu,” a driver told Dataphyte.
“They are proposing 15% from the drivers, out of which five percent goes back to the drivers’ cooperative wallets.” This, according to Akande, differed from what Bolt and Uber charge drivers.
Wasiu further noted how the company plans to give drivers comprehensive insurance, personal loans, car maintenance loan, real estate plan, and a pension.
The company said the drivers must comply with regulatory requirements before joining MyKab’s platform. “We ensure they are well profiled, besides documents required by the government,” Dada said.
In terms of user and data security, the solution has a two-level identification & authentication protocol to protect the user’s data. Again, MyKab set up its payment system with the standard PCI-DSS-compliant platform to protect user transaction details.
“MyKab is built on a robust cloud infrastructure that provides good uptime for users. It is scalable to time, enough to accommodate the expected traffic of users.”
The novel e-hailing service also complies with the Nigerian Data Protection Regulation. This ordinance ensures actors protect data subjects, Kolade Adebimpe noted. The Chief Information Officer, MyKab Technological Services Limited, said this at the launching ceremony in Lagos.
At the moment, MyKab is in Lagos and Abuja.
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An indigenous tech outfit, MyKab is fighting back Uber and Bolt for market share.
