Singtel, a Singapore-based telecommunications provider, has unveiled Transit NFC SIM that will allow commuters to pay for public transit rides using just their NFC mobile phones.
The new platform is jointly designed with the Land Transport Authority (LTA), the Infocomm Development Authority (IDA) and EZ-Link.
Go deeper with GlobalData
Transit NFC SIM, embedded with an EZ-Link purse, can also be used to pay at shops that accept EZ-Link payments.
Gan Siok Hoon, vice president of mCommerce, consumer Singapore, Singtel said: “We are pleased to offer the added convenience of mobile payments on buses, MRT and LRT. With customers already paying for their Comfort and CityCab taxi rides with our popular Dash app, they can now truly enjoy a seamless payment experience in their daily commutes.”
“We have exciting plans coming up and will soon unveil an enhanced mobile payments app that will offer greater convenience and rewards to our customers and retailers,” She added.
Sale of the Transit NFC SIMs will start in late April 2016. Singtel added that its customers will be able to purchase them from its retail shops at prevailing SIM rates with no additional costs.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
