EZ-Link, Touch ‘n Go to introduce dual currency cross-border Combi Card
By Digital News Asia April 10, 2019
- The Combi Card will securely host both electronic wallets
- Targeted for launch in the fourth quarter of 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 on April 9 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 EZ-Link chief executive officer Nicholas Lee.
“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 Touch ‘n Go Sdn Bhd chief executive officer Syahrunizam Samsudin.
The announcement follows the signing of a Memorandum of Understanding (MoU) between EZ-Link and Touch ‘n Go on July 30, 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.