EZ-Link and Touch ‘n Go to Introduce Dual Currency Cross-Border Combi Card
April 10, 2019
The partnership between EZ-Link and Touch ‘n Go aims to provide integrated digital payment at enabled touch points in Singapore and Malaysia for urban mobility and parking charges with a single card.
EZ-Link Pte Ltd (EZ-Link), Singapore’s largest issuer of CEPAS-compliant cards and Touch ‘n Go Sdn. Bhd (Touch ‘n Go), Malaysia’s biggest multi-application E-purse announced on 9 April 2019 the progress of a joint collaboration to develop a dual currency Combi Card.
IMAGE: EZ-LINK, TOUCH 'N GO
A first in Southeast Asia, the Combi Card will securely host both electronic wallets from EZ-Link and Touch ‘n Go. Targeted for launch in the fourth quarter of 2019, the card will first allow users to pay for urban mobility in both countries.
“The EZ-Link and Touch ‘n Go cards have been daily companions of Singaporeans and Malaysians in our respective countries for the past few decades,” says Mr Nicholas Lee, chief executive officer (CEO) of EZ-Link. “EZ-Link is excited to partner with Touch ‘n Go to make it possible for our people to conveniently pay for electronic road pricing in Singapore, highway tolls in Malaysia and parking as a start, and shopping and dining in the future with just one card. It will be a milestone in EZ-Link’s efforts to continuously innovate to transform people’s lives with technology.”
“The Touch ‘n Go and EZ-Link cards have been an essential part of everyday touch point for both the Malaysian and Singaporean consumers across transit, mobility, and retail. The partnership inked with EZ-Link is one of the many ways Touch ‘n Go Sdn. Bhd is innovating to bring the benefits of cashless payments to wider market segments,” says Mr Syahrunizam Tan Sri Samsudin, CEO, Touch ‘n Go Sdn. Bhd. “This synergy between Touch ‘n Go and EZ-Link to create a dual currency cross-border combi card will undoubtedly make daily transactions fuss-free for Malaysian and Singaporean consumers with faster, simpler, and more secure payment options.”
The announcement follows the signing of a Memorandum of Understanding (MoU) between EZ-Link and Touch ‘n Go on 30 July 2017.
To date, EZ-Link has issued about 30 million CEPAS ez-link cards in Singapore and Touch ‘n Go has more than 23 million active Touch ‘n Go cards in circulation in Malaysia.
For more information on EZ-Link, please visit www.ezlink.com.sg
or keep in touch with the latest updates about EZ-Link by following EZ-Link’s Facebook and Instagram pages. For more information about Touch ‘n Go, please visit www.touchngo.com.my
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