FAIRTIQ AG

FAIRTIQ is a Swiss technology company that has developed an innovative mobile ticketing solution designed to simplify public transportation for users and operators alike. Founded in 2016, the company's primary offering is a smartphone application that enables travelers to check in at the beginning of their journey and check out upon completion with a simple swipe. This process eliminates the need for pre-purchasing tickets, understanding complex fare zones, or queuing at ticket machines. The application leverages advanced algorithms, including sensor data, graph algorithms, and neural networks, to accurately track the user's route and automatically calculate the most cost-effective fare for the journey undertaken. This ensures that passengers are always charged the best possible price, which is debited directly from their registered payment method at the end of the day. If a user's single journeys in a day exceed the price of a day pass, the system automatically caps the fare at the day pass rate.

The FAIRTIQ platform is designed to be hardware-free for transport operators, meaning no additional validators or beacons are required on vehicles or at stations, which significantly reduces implementation costs and time. This has contributed to its rapid adoption across various regions. Initially launched in Switzerland, FAIRTIQ's service is now available nationwide in Switzerland and Liechtenstein, and has expanded to cover significant areas in Germany, Austria, France, and other European countries. The company's technology is not only available through its standalone app but can also be integrated into third-party applications via a Software Development Kit (SDK). This has led to collaborations with major national railway companies like SBB in Switzerland and ÖBB in Austria, who have integrated FAIRTIQ's technology into their own mobile apps. With a growing team of over 100 employees and millions of journeys processed, FAIRTIQ is committed to its vision of providing the simplest way to access everyday mobility for everyone, everywhere, thereby promoting sustainable transportation.