The programme allows commuters to use their Mastercard or Visa contactless bank cards or mobile phones to pay for travel on public transport.
“By opening up contactless acceptance for transit, we are removing friction from the travel experience, eliminating the need for Singaporeans and tourists to wait in line to top up their stored value travel cards,” Visa Country Manager for Singapore and Brunei Kunal Chatterjee said in the report. “Visa will continue to work closely with our partners to streamline the payment experience at all touchpoints across Singapore to make it seamless and convenient.”
Visa said Singapore is one of the leading markets for contactless penetration, and more than 80 percent of the payment company’s transactions there are contactless. That is expected to grow with the Land Transportation Authority rollout, noted the report.
To use a bank card or contactless device, commuters are required to tap it on the fare reader at the train station gantry or on the bus when boarding. Commuters can also view their travel expenditure and history by registering for an account on the TransitLink SimplyGo Portal.
The fares charged will be the same amount as if a commuter had used a travel card.
All banks that issue contactless-enabled Visa cards – Bank of China, CIMB, Citibank, DBS, HSBC, ICBC Bank, Maybank, OCBC Bank, Standard Chartered Bank, and UOB – will be available for customers to use for travel payments.