Dual currency contactless card launched by Singapore's EZ-Link, Malaysia's Touch 'n Go
SINGAPORE —Singapore's EZ-Link and Malaysia's Touch 'n Go (TNG) on Monday (17 August) launched a dual-currency contactless card that allows users to store both Singapore dollars and Malaysian ringgit.
The announcement was made on the first day of the implementation of the Reciprocal Green Lane (RGL) and Periodic Commuting Arrangement (PCA) measures at the Singapore-Malaysia border.
“With the Reciprocal Green Lane established between Singapore and Malaysia and now in operation, motorists can look forward to a gradual and phased resumption of cross-border travel between the two countries,” said EZ-Link in a news release on the same day.
Touted to be “first-of-its-kind in the region” by EZ-Link, the card has two electronic purses, one for each currency. Funds between the two purses are not interchangable nor transferrable due to regulations, said EZ-Link. The EZ-Link purse has a lifespan of five years while the TNG purse has a lifespan of 10 years.
The card went on sale on Monday morning at $7 – with no load value – in limited quantities on the official EZ-Link store on Lazada Singapore. As of 7.30pm, the cards have sold out.
It will be subsequently made available for sale next month at selected 7-Eleven convenience stores in Singapore for $10, inclusive of a $3 load value.
Singaporean motorists can use the card for contactless payment of selected carpark fees, Electronic Road Pricing (ERP), and checkpoint toll charges in Singapore.
In Malaysia, this card can be used to pay for highway tolls, checkpoint toll charges, parking fees, bus fare, MRT fees as well as retail and dining acceptance points. It is also accepted at transit and retail points with Touch ‘n Go in Malaysia.
Users can top up the EZ-Link and the Touch ‘n Go purses at regular channels in Singapore and Malaysia respectively.
“Our EZ-Link x Touch 'n Go Motoring Card will bring a new level of convenience for motorists who have to travel between the countries often, and offer added safety and flexibility in contactless payment options," said EZ-Link chief executive officer Nicholas Lee.
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