Global internet technology and financial services provider Wirecard has announced an expanded partnership with convenience store chain Cheers and EZ-Link, the first contactless stored value card, to launch a new cashless solution in Singapore
The new partnership has allowed users to convert their loose change directly into value on EZ-Charms and EZ-Link cards, which are Singapore's most widely used contactless solution for lifestyle purchases in addition to commuting on buses and trains.
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The solution means that, when making cash purchases in select Cheers outlets, consumers can top up their EZ-Link directly with the change they receive, minimizing inconvenience. The service requires no transaction fees.
Jeffry Ho, regional managing director at Wirecard, said: "With both EZ-Link and Cheers being so deeply embedded in the lives of Singaporeans, we're delighted to partner with them by improving the everyday experience of those they serve through offering new and innovative payment options. Being at the forefront of the digitization of payment processes, we're constantly exploring new initiatives that support the national agenda to accelerate the promotion of a cashless lifestyle in Singapore."
The partnership has supported Singapore's nationwide e-payment drive which encourages individuals to harness cashless technology to bring greater convenience, speed and security to their daily transactions.