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A better payments proposition for the Cordic network.
As an operator-owned platform, Cordic is uniquely positioned to improve payment economics across its network. Lopay helps Cordic operators keep more of every fare while giving drivers lower fees and faster access to their earnings.
Operators are paying too much — and managing unnecessary complexity.
Operators are facing growing payment costs while still managing manual settlements and fragmented payment flows.
2.5%–3.0% dispatch payment fees
Operators manually redistributing driver funds
Reconciliation overhead
Disconnected payment tools and manual processes
Potential VAT sensitivity around operator-driver payment structures
Simpler driver payouts and settlements for operators and drivers.
Lopay automates how fares move between operators and drivers, helping reduce operational overhead and improve the driver experience.
Key benefits
- Dispatch payments from 1.49%
- Curbside fares from 0.79%
- Automatic operator / driver split payments
- Instant access to earnings via Zero Card
- Drivers can further reduce fees through everyday business spend
Built around how taxi drivers actually work.
Trusted by over 20,000 UK taxi drivers across the UK.
A better deal for drivers
Curbside fares from 0.79%
Instant access to earnings
Funds available immediately via the Lopay Zero Card
Reduce future fees
Everyday spend such as fuel and servicing can reduce future processing costs
Works how drivers already work
Tap to Pay, card readers and payment links
Lower costs. Simpler payment flows. Better driver outcomes.
A side-by-side comparison of the current operator payment experience versus the Lopay model.
Operator payment experience
- 2.5%–3.0% dispatch fees
- Operators redistribute fares manually
- Drivers use separate payment tools
- Delayed access to earnings
A connected payment experience
- Dispatch payments from 1.49%
- Automatic split payments
- One connected setup for operators and drivers
- Instant access via Zero Card
Better outcomes across the Cordic network.
Lower costs for operators. Better outcomes for drivers. More value kept within the Cordic network.
Cordic
01- Stronger proposition for independent operators
- Additional revenue participation across the network
- Stronger role in how operators and drivers get paid
- More value retained within the Cordic network
Operators
02- Lower dispatch payment costs
- Automatic split payments between operators and drivers
- Less admin around driver settlements and reconciliation
- Reduced need to receive and redistribute fares
- Stronger proposition for attracting and retaining drivers
Drivers
03- Curbside fares from 0.79%
- Instant access to earnings via the Lopay Zero Card
- Fuel and servicing spend can help reduce future fees
- Simple, flexible ways to take payment
A commercially aligned partnership.
The proposed structure reduces costs for operators while creating aligned incentives between Lopay and Cordic.
Dispatch SaaS payments
01Helping Cordic operators materially reduce dispatch payment costs while creating aligned revenue participation for Cordic.
- Processing rate of 1.49%
- Additional annual income for Cordic (25bps)
- Based on ~£16m annual volume
Driver referral programme
02Giving drivers lower payment fees and faster access to earnings while creating additional network participation for Cordic.
- Curbside fares from 0.79% (non-SaaS fares only)
- Drivers can further reduce fees using the Lopay Zero Card
- Additional Year 1 referral income for Cordic (25bps)
- Based on ~£30m annual driver volume
A practical rollout across the Cordic network.
A simple phased approach to launch lower-cost payments and improved driver settlements across the Cordic platform.
Agree partnership structure
01Operator pricing, commercial participation and rollout approach.
Define the payment setup
02Dispatch payments, settlements and driver onboarding.
Launch Lopay within Cordic
03Enable dispatch payments and automatic operator / driver settlements.
Roll out to operators and drivers
04Launch across the Cordic network with driver onboarding to Lopay.