Carviva, a leading Auto-Tech company, has announced a significant milestone in its Fuel Wallet platform, achieving $1m in fuel token transaction value over a two-year trial period. This achievement underscores the growing trust and adoption of the innovative solution by fleet organisations, corporates, small businesses, and individuals.
According to the founder and CEO of Carviva Technologies, Mr Ayodeji Subair, the milestone reflects the company’s growth potential and its pivotal role in driving cashless payments, empowering fleet organisations, and providing seamless, secure, and accessible fuel payment services.
Carviva’s Fuel Wallet is an advanced cardless fuel management platform designed for logistics, schools, haulage, transportation, and fleet organisations in Nigeria. The platform uses fuel tokens and digital wallets to collect real-time fuel usage data, enabling organisations to track usage history and fuel consumption per vehicle.
Subair noted that Carviva’s Fuel Wallet has become a trusted partner for many businesses, enabling them to boost operational efficiency across Nigeria. “Achieving $1m in fuel token transaction value is a significant milestone for Carviva and a reflection of the trust our customers have placed in us,” he said.
The milestone is particularly significant in Nigeria’s dynamic fuel market, where fuel is one of the largest operational expenses for many businesses. Inefficient fuel management often leads to significant financial losses, making Carviva’s Fuel Wallet solution a handy tool for businesses and individuals seeking to participate in the evolving digitised fuel market.