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1T4

About 1T4.IN – The Future of Cost-Effective and Trusted Ride Sharing
 
1T4.IN is a Hyderabad-based ride-sharing platform designed to revolutionize daily commutes and long-distance travel across India. Unlike traditional platforms that take a percentage commission from each ride, 1T4.IN operates on a unique flat App Fee model, allowing drivers/vehicle owners to keep 100% of their earnings while offering passengers lower travel costs. The platform connects drivers with available seats to riders or pillion riders, making ride-sharing affordable, safe, and hassle-free.
 
🔑 What Makes 1T4.IN Different?
1.Zero Commission Model
•Drivers/Owners pay only a ₹75 daily App Fee.
•They keep 100% of the trip fare collected from passengers.
•Riders/Pillion Riders benefit from lower ride costs compared to taxis or other ride-hailing services.
2.Focus on Trust and Safety
•Mandatory KYC verification for both drivers and passengers.
•Real-time trip tracking and emergency alert systems ensure safe and secure rides.
•Idle Vehicle Alert System: If a vehicle stops for more than 5 minutes without notice, the platform alerts the support team or local authorities.
3.Eco-Friendly and Sustainable
•The platform promotes carpooling and bike pooling, reducing the number of vehicles on the road, thereby contributing to lower carbon emissions.
•Users can track their carbon savings through the platform.
 
🚀 Expansion Plans
 
1T4.IN is currently preparing to launch in four major cities:
•Hyderabad (Headquarters)
•Bangalore
•Delhi NCR
•Mumbai
 
After establishing its presence in these cities, the platform will expand to Tier 2 cities across India within the next two years, making ride-sharing more accessible and affordable to a wider audience.
 
Why Choose 1T4.IN?
•Drivers earn more by keeping 100% of their fare.
•Passengers pay less by avoiding commission-based fare hikes.
•Safety and trust are at the core of the platform.
•Promotes eco-friendly travel, contributing to sustainability goals.

Cost-sharing for petrol and tolls

  1. Cost-sharing for petrol and tolls is a popular practice, especially for carpooling, ridesharing, or group travel. It offers a fair way to distribute travel expenses among participants, reducing individual costs and promoting sustainability. Here’s a detailed guide to implementing and managing cost-sharing effectively:


    Benefits of Cost-Sharing

    1. Financial Savings:

      • Reduces the burden of travel expenses for all parties involved.
    2. Environmental Impact:

      • Encourages carpooling, which can reduce carbon emissions and traffic congestion.
    3. Social Connection:

      • Provides an opportunity to connect with others during the journey.
    4. Ease of Planning:

      • Sharing costs makes longer trips or frequent travel more affordable and accessible.

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KYC-verified users

KYC-verified users are individuals whose identities have been authenticated through the Know Your Customer (KYC) process. This ensures they are legitimate and reduces the risk of fraud, money laundering, or other illicit activities. Below is a detailed breakdown of the concept, its benefits, and implementation:


Who Are KYC-Verified Users?

KYC-verified users have undergone a verification process to confirm:

  1. Identity: Validates who they are using government-issued IDs.
  2. Address: Confirms their residential address through documents like utility bills or bank statements.
  3. Activity History (Optional): In financial contexts, their financial behavior or sources of income may also be verified.

How KYC Verification Works

  1. Submission of Documents:

    • Users upload identification documents (e.g., passport, driver’s license, Aadhaar in India).
  2. Facial Recognition and Liveness Check:

    • Real-time selfie matching with ID photo to ensure the person submitting is the actual user.
  3. Database Cross-Referencing:

    • Checking user details against databases (e.g., PEP, sanction lists, credit bureaus).
  4. Address Verification:

    • Through geolocation or submitted proof of residence.

Focus on trust and convenience

Focusing on trust and convenience when implementing KYC-verified systems can significantly improve user adoption, satisfaction, and overall platform credibility. Here’s a detailed plan on how to align these principles with your KYC strategy:


Building Trust Through KYC Verification

  1. Transparency in Data Usage

    • Clearly explain why KYC verification is required and how user data will be protected.
    • Highlight compliance with privacy laws like GDPR, CCPA, etc.
  2. Visible Security Features

    • Use trust signals like secure SSL certificates, verified user badges, or compliance seals.
  3. Instant Feedback

    • Provide immediate confirmation or updates during and after verification (e.g., “Your ID has been securely verified”).
  4. Verified User Badges

    • Showcase verified users with distinct badges to build trust among platform participants.
    • Example: “Verified Seller” on e-commerce platforms or “Trusted Driver” in ride-sharing apps.
  5. Fraud Protection Guarantees

    • Offer guarantees or insurance for interactions with verified users to build confidence.

Enhancing Convenience in KYC Processes

  1. Simplified Submission

    • Allow users to upload documents directly from their phones or integrate with digital identity systems like eID, Aadhaar, or BankID.
  2. Real-Time Verification

    • Use AI-driven tools for instant approval, reducing waiting times.
  3. Single-Step Verification

    • Minimize steps by combining document upload, liveness checks, and database matching into one seamless process.
  4. Omni-Channel Access

    • Offer KYC verification across multiple touchpoints, including web, mobile apps, and in-person kiosks.
  5. Pre-Fill Data Options

    • Leverage existing user data to pre-fill forms and reduce manual input.