Singapore’s Land Transport Authority (LTA) and Mastercard have signed a partnership agreement to launch an Account-Based Ticketing System pilot by the end of this year. LTA and Mastercard aim to attract at least 100,000 users for the pilot.
The pilot will enable commuters to use their contactless debit or credit cards for public transit and have their transactions billed on their debit or credit card, similar to a post-paid mobile phone bill. LTA is also working on enabling mobile phones for contactless use on public transit. In addition, this new system will allow commuters to track their journey and fare history via a mobile app or web portal.
“We are pleased to partner Mastercard as we work towards piloting this new fare payment system in Singapore. Through this public-private partnership, we look forward to the start of the pilot at the end of this year, when commuters in Singapore can be one of the first in Asia to experience this additional fare payment option. With this new option, they will be able to do away with the hassle of topping up their fare cards,” Chew Men Leong, Chief Executive of LTA, said.
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