Cards are not readily available on hand, are cumbersome the more collected and can easily get lost, with TAPIT, we hope to solve that, providing a more convenient and quicker experience.
Problems:
Cards are hard to access on approaching the barriers
Have unnecessary multiple tickets/seat reservations
Tickets only work for one transit system.
Market Validation:
‘’wearable payment
transaction volume will
grow from $3.1 billion
in 2015 to $501 billion
worldwide by 2020’’
Tractia
‘’Since 1995, public
transit ridership is up
39%, out pacing
population growth’’
‘’30,800 passengers
arrive in Manchester
at peak time each
morning’’
‘’800,000+ trips on
transport networks
each day’’
+ Ease of Use
- Ease of Use
£ £££
Competitive
Analysis
Safety & Security:
Being wearable eliminates
the risk of losing a bank
card amongst a busy
environment.
Affordable:
Much cheaper than
the alternative smart
watch devices.
Design:
Lifestyle item
Customisation
Multifunctional
Competitive advantages
Ease of Use:
Hands Free
Improves efficiency & flow
Stress free solution
3817 Employees
Target 50% - 1908
X ticket price (£15)
= £28,627
Peak
21,000 people
Target 50% - 10,000
X ticket price (£15)
= £150,000
5 year plan
800,000 people nationwide
Target 50% - 400,000
X ticket price (£15)
= £6m
Use case
3817 Employees
Target 50% - 1908
X ticket price (£15)
= £28,627
Peak
21,000 people
Target 50% - 10,000
X ticket price (£15)
= £150,000
5 year plan
800,000 people nationwide
Target 50% - 400,000
X ticket price (£15)
= £6m
Use case
3817 Employees
Target 50% - 1908
X ticket price (£15)
= £28,627
Peak
21,000 people
Target 50% - 10,000
X ticket price (£15)
= £150,000
5 year plan
800,000 people nationwide
Target 50% - 400,000
X ticket price (£15)
= £6m
Use case
Revenue Stream
3% Transaction fee of each trip
Loreal Manchester TAM
Daily: £60,000
Yearly:
£15,660,000
Daily: £286.2
Yearly: £74,698.2
Daily: £1500
Yearly: £391,500