EZ-Link Pte Ltd, Singapore’s largest issuer of CEPAS-compliant cards and Touch ‘n Go Sdn Bhd, Malaysia’s biggest multi-application e-purse, have announced a joint collaboration to develop a dual currency Combi Card.
A first in South-East 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 the year, 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 both Malaysian and Singaporean consumers across transit, mobility and retail.
“This partnership is one of the many ways Touch ‘n Go is innovating to bring the benefits of cashless payments to wider market segments,” said Touch ‘n Go Sdn Bhd chief executive officer Syahrunizam Samsudin.