The Straits Times reported a few days ago that EZ Link Cards will soon be accepted in hawker centres and subsequently with other merchants. This is all in a bid to move Singapore towards a more cashless society. Although this is a good initiative - and one that has finally arrived, it really came a bit too late.
For those of you who have been to Hong Kong before, you would know that they have a really good cashless payment system, the Octopus Card. It was created in 1997 mainly for payment of public transport but subsequently expanded to become Hong Kong's main wireless smart card payment system when the Government allowed it to be used for more than just transport payment in the year 2000.
Meanwhile in Singapore, although we have a similar card that does that does the similar function, EZ Link was never promoted to be used for anything more than transport (maybe 7-11). Or maybe it did try to mimic what Hong Kong's Octopus Card did but fail badly, and this time it is attempted to try it again. But, with the push from NETS' Flashpay, Mastercard's PayPass, Visa's Paywave, and many other cashless payment services coming out, can EZ Link succeed its push this time?
Recommended Post: How CPF Provide 5 Insurance to You
Remember to offer your opinions.
If you don't put your two cents in, how can you expect to get change?
Have a feedback? Tell us now!
Subscribe to us or
Follow us: InvestmentStab on Facebook