Singapore’s Land Transport Authority (LTA) has partnered with MasterCard to launch an Account-Based Ticketing System pilot in Singapore by the end of 2016.
The pilot will allow MasterCard customers to use their contactless credit and debit cards to pay for train and bus journeys, eliminating the need for a separate transit card and fare top-ups. Both entities aim to attract nearly 100,000 users for the pilot.
Additionally, LTA is working on enabling mobile phones for contactless use on public transit. Commuters will be able to track their journey and fare history via a mobile app or web portal.
MasterCard Singapore group head and general manager Deborah Heng said: “This collaboration with the LTA marks an important milestone for MasterCard as we take a big step towards our vision of building a cashless society by embedding digital payments and reducing the overall reliance on cash to make travel more inclusive.
“As the contactless payments space continues to evolve, consumers will have different options to tap and pay securely at transit points, from their MasterCard contactless cards to mobiles phones and even wristbands and watches.”
LTA CEO Chew Men Leong said: “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.”