Partnership aims to provide integrated digital payment at enabled touch points in Singapore and Malaysia for urban mobility and parking charges with a single card
Singapore and Putrajaya, 9 April 2019 – 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 today announced the progress of a joint collaboration to develop a dual currency Combi Card.
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 quarter four, 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. 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,” said Nicholas Lee, CEO of EZ-Link.
“The Touch ‘n Go and EZ-Link cards have been an essential part of everyday touchpoint 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. 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,” said Syahrunizam Tan Sri Samsudin, CEO, Touch ‘n Go Sdn. Bhd.
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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About EZ-Link Pte Ltd
EZ-Link’s core business is in the sale, distribution and management of ez-link cards, as well as the clearing and settlement of all ez-link card transactions generated in transit and non-transit (retail/merchant) sectors. To date, more than 30 million new CEPAS-compliant ez-link cards have been issued. In 2015, EZ-Link unveiled EZ-Charms, its first non-card form factor. EZ-Link continues to set new cashless trends with the “My EZ-Link Mobile” application, the world’s first Near Field Communication (NFC) mobile application for contactless card top-ups; “EZ-Link NFC SIM”, the first NFC payment service on Singapore’s public transit; and “EZ-Pay”, Singapore’s first free card-less ERP payment service. In December 2017, EZ-Link launched the new EZ-Link app to enable users to access EZ-Link’s functionalities and services with ease. For more information, please visit www.ezlink.com.sg
About Touch ‘n Go Sdn. Bhd
Touch ‘n Go Sdn. Bhd (TNGSB) has been part of Malaysia’s progress for over 23 years and holds the intellectual property rights to the Touch ‘n Go system. With more than 23 million active cards in circulation in Malaysia, Touch ‘n Go continues to be an essential part of everyday experience for consumers across transit, urban mobility, parking, retail and road tolls. In 2018, the company launched TNG eWallet, driven by Touch ‘n Go Digital, a successful joint-venture between Touch ‘n Go Sdn. Bhd and Ant Financial to create a wider retail and payment platform to better serve the needs of connected consumers as Malaysia transitions into a cashless economy. TNGSB is owned by CIMB Group Holdings Berhad, MTD Equity Sdn. Bhd. and PLUS Malaysia Berhad. TNGSB. For more information, please visit www.touchngo.com.my and www.tngdigital.com.my