EZ-Link Partners With Mastercard for Greater Digital Payments Capabilitiesby Fintech News Singapore April 29, 2022
EZ-Link announced the launch of its enhanced EZ-Link Wallet that was developed in collaboration with Mastercard.
When users activate the new Pay by Wallet feature, they can use their EZ-Link Wallet to make online and in-store contactless payments at over 80 million Mastercard merchants worldwide.
This means that they can use Pay by Wallet to shop online, as well as manage subscriptions for services like Netflix, Disney+, Spotify, gym membership, ride-hailing and more.
Users will also be able to add Pay by Wallet to Google Pay to make contactless mobile payments for both retail and transit transactions.
EZ-Link Wallet users can activate Pay by Wallet through their EZ-Link App, and perform an instant sign-up securely and seamlessly via SingPass.
Through EZ-Link and Mastercard’s partnership, Pay by Wallet users will also see greater value and rewards.
They will be able to earn EZ-Link Rewards points with every transaction and redeem them for benefits from over 200 merchants on the EZ-Link Rewards platform.
As part of the launch, EZ-Link is offering a sign-up bonus to the first 20,000 users who activate Pay by Wallet on their EZ-Link App.
They will receive S$5 credit upon sign-up, and an additional S$5 cashback on their first spend until 31 July 2022.
The EZ-Link Wallet was first introduced in 2020 to deliver a more seamless and rewarding experience for users’ transport and retail transactions, and can be used for payments at local SGQR and overseas Alipay+ acceptance points.
“Pay by Wallet will empower consumers with greater flexibility and convenience when making domestic and cross border payments digitally. With Pay by Wallet, users can eliminate hassle and enjoy greater convenience and rewards throughout their daily lives.
At EZ-Link, we have built a strong anchor in transportation, and will continue to build on that success by steadily penetrating the digital marketplace to enable more inclusive digital payment services for Singaporeans,”
said Nicholas Lee, CEO, EZ-Link.
“Mastercard is delighted to partner EZ-Link to power the growth of the digital payments ecosystem in Singapore.
With the value of digital wallet transactions expected to grow, this innovative Pay by Account technology is timely and will allow EZ-Link to expand its reach by offering 5 million users the ability to transact anywhere and anytime, leveraging Mastercard’s comprehensive global acceptance.”
said Deborah Heng, Country Manager, Singapore, Mastercard.