TransCab taxis readied to handle cashless payment with the first EZ-Link terminal that accepts up to 9 payment methods.
Issued By: EZ-Link Pte Ltd
SINGAPORE, 30 September 2010 – Customers of TransCab taxis will now be spoilt for choice when it comes to cashless payments for their fares, with the launch of the new EZ-Link terminal that offers the most variety of e-payment options for customers to choose from within a single terminal. More than 90% of TransCab taxis have each been equipped with the new terminal that accepts the ez-link card and 8 other payment modes.
The payment methods include the ez-link card, MasterCard, MasterCard PayPass, VISA, VISA payWave, China Union Payment, JCB and American Express and DBS/POSB card. Through this terminal, EZ-Link makes the paying process easier for passengers of TransCab taxis.
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“EZ-Link knows the importance of convenience when it comes to cashless payment, and has thus partnered TransCab to introduce a single, fuss-free payment terminal that is able to accept up to 9 different cashless payment options. With that, customers can now board a TransCab taxi without having to worry about having enough cash or having the right card to pay for their fares. TransCab taxi drivers will also benefit with the convenience of having the fares deposited into their bank accounts,” said Mr Nicholas Lee, Executive Director of EZ-Link Pte Ltd.
“With this terminal installed in our cabs, our passengers will be empowered with the widest variety of options in paying for their fares. We believe this will boost our passenger volume significantly and urge our customers to switch to cashless payment as it is fast, exact and convenient,” said Mr Teo Kiang Ang, Managing Director of TransCab Services Pte Ltd.
As an introduction to this service, EZ-Link and TransCab will waive the 30 cent surcharge on all ez-link card payments made on-board TransCab taxis from 1 October 2010 to 2 January 2011. This simply means that passengers will not be required to pay any additional surcharges when they choose to go cashless and pay with their ez-link cards during this period.
About EZ-Link Pte Ltd
A subsidiary of the Land Transport Authority, EZ-Link Pte Ltd was formed on 8 January 2002. Its core business is the clearing and settlement of all ez-link card transactions generated in transit and non-transit (retail/merchant) environments, as well as the sale, distribution and overall management of ez-link cards. To date, the company has sold and replaced more than 8 million new ez-link cards which are CEPAS-compliant. This is in tandem with the government’s plan to promote cashless payments in Singapore. In line with this vision, the new ez-link card is now also accepted as a mode of payment for Electronic Road Pricing (ERP) and at carparks fitted with the Electronic Payment System (EPS) when used in the dual-mode in-vehicle unit.
About TransCab Services Pte Ltd
A subsidiary of the Union Group, TransCab Services Pte Ltd was incorporated in April 2003. Having been granted a Taxi Operation License (TOL) since August 2003, TransCab started off with a fleet of 50 cars when it was launched on 17 January 2005. To date, the company is functioning with more than 3,500 taxis under its wings, with most of them running on Compress Natural Gas (CNG). By putting customers as their top priority, TransCab aims to bring about service excellence to their passengers by ensuring service excellence from their drivers.