Singapore-Taiwan cross-border contactless card in the works

June 5, 2014 Leave a comment

Singapore-Taiwan cross-border contactless card in the works

By John Leong 
POSTED: 02 Jun 2014 12:10
EZ-Link and Taiwan company EasyCard will be developing the card to allow Singaporeans to pay for public transport or admission tickets to local attractions in Taiwan, and vice versa.

SINGAPORE: Singaporeans will soon be able to access public transport and retail options while in Taiwan, and the same is true for Taiwanese travellers visiting the city-state.

EZ-Link and its Taiwanese counterpart, EasyCard, signed a Memorandum of Understanding (MOU) on Monday (June 2) to jointly develop a cross-border, multi-functional contactless card.

The card, named Cross Border Combi Card, will allow people to pay for anything from public transportation to admission tickets to local attractions. It will contain separate “purses” to store both Singapore and Taiwanese currencies, according to the companies.

EZ-Link said it hopes the new card will be ready within a year.

 

Filed under Macro Trends

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