FAIRTIQ

About FAIRTIQ

FAIRTIQ is a Swiss-based company that has developed a mobile ticketing application for public transportation. The application simplifies the process of purchasing tickets by allowing users to check in at the beginning of their journey and check out at the end. The system then calculates the best possible price for the journey, ensuring that the user pays the lowest fare available.

The company operates on a B2B2C model, partnering with public transport companies in various European countries, including Switzerland, Germany, France, Belgium, and Denmark. By integrating with the transport providers' systems, FAIRTIQ offers a seamless travel experience to the end-users. The business model likely involves a commission on the ticket sales or a licensing fee from the partner transport companies.

The market for FAIRTIQ's services is the public transportation sector, which is increasingly looking for digital solutions to improve efficiency and customer experience. The company's growth is driven by the expansion into new regions and the increasing adoption of smartphones for daily transactions.