Malaysian electronic payment systems provider Touch’n Go Sdn Bhd (TNGSB) has announced plans to introduce NFC smartphone apps to enable customers in Kuala Lumpur to pay for public transport through their mobiles. The system will link phone handsets to Touch’n Go prepaid transit card accounts.
TNGSB is partnering with telecommunication companies Maxis and CIMB for the pilot project, set to go live in the next two months.
TNGSB chief executive Abdul Karim said the company has already invested over MYR500,000 (USD160,000) in developing the service. The amount excluded investments by Maxis and CIMB, he said.
“The company is targeting to sell 1.3 million cards this year, a marginal increase from last year,” he said.
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