This is the only cashless mode of payment people in Singapore use for their daily commute—be it buses or trains. One tap, a beep, and if your EZ-Link card is topped up, you’re good to go.
The two-decade-old government-owned payment provider will never lose its pole position as it has a clear monopoly on public transport payments. But why stop at having nothing to lose where there’s much to gain? EZ-Link has been in a competitive mood, and it’s been taking on e-payment providers like GrabPay and Fave in the competitive market.
In 2019, EZ-Link built out an e-wallet, and in early-2020, it tied up with payment service provider Alipay for overseas payments.