Singapore-based OCBC Bank says it will work with the country's contactless transit card scheme EZ-Link to launch a mobile-phone top-up service for commuters. Consumers in Singapore use EZ-Link cards for trains, buses and retail purchases. The mobile top-up service would require customers to use credit or debit cards to add value to EZ-Link accounts. Customers would use their mobile phones to access OCBC's mobile banking or the EZ-Link Web sites, the bank says in a statement. Customers would receive the added value when tapping their transit cards at an "EZ-Online" station, Patrick Chew, the bank's head of group delivery, tells CardLine Global. EZ-Link has installed the stations at five "high-traffic" train stations, Chew says. Ten schools also "have agreed to provide a dedicated [computer] with an EZ-Link card reader attached to allow their students to update the increased value in their cards for immediate use," Chew adds. EZ-Link customers make more than 4 million transactions each day, the bank says.
Authoritative analysis and perspective for every segment of the payments industry
Authoritative analysis and perspective for every segment of the industry
Have an account? Sign In