A NEW multi-functional, dual-currency contactless card that can be used in both Singapore and Taiwan will be available in as early as a year's time.
This comes after EZ-Link Pte Ltd signed a memorandum of understanding (MOU) yesterday with Taiwanese contactless smartcard system operator EasyCard Corp to jointly develop what will be known as the Cross Border Combi Card.
Targeted at tourists and businessmen who travel frequently between Singapore and Taiwan, the card will allow visitors from both locations to utilise the public transportation and retail networks of both areas with a single card by carrying the two currencies on a single smart chip.
The MOU was signed by Nicholas Lee, CEO of EZ-Link, and Chang Chia-Sheng, chairman of EasyCard, at a ceremony held at Marina Bay Sands during the World City Summit. "It is our dream to achieve a borderless type of movement for commuters and we share this aspiration with EasyCard. This MOU signing brings us closer to the vision of having one single card for commuting and shopping, not just within Singapore but across international borders," said Mr Lee.
Said Mr Chang: "The Combi-Card will be a product that reflects our goal of expanding the use of EasyCard to our neighbour countries in Asia . . . EasyCard has been in frequent exchanges with EZ-Link over the years as we exchange ideas and explore possibilities for cooperation. The signing of this MOU is only a beginning for cross-border smartcard operations."
In addition, EZ-Link will share its contactless e-ticketing technology with EasyCard, with the aim of offering electronic tickets to popular tourist attractions in Singapore and Taiwan.
EZ-Link inked its first cross-border venture in August last year with the Guangdong Lingnan Pass Company to produce the world's first dual-currency transport smartcard.