2009-12-14
Watchdata Sets another Milestone: Providing the First CEPAS-compliant Debit Co-brand Card in Singapore

Providing better convenience and speedy payment of goods and services nationwide

Singapore, 14 December 2009 - Watchdata, one of the leading innovative smart card and contactless technology solutions providers in the world, sets another milestone for its international banking card business by providing one of the largest banks in Singapore the first multi-applications CEPAS-compliant debit co-brand card. It uses Watchdata’s leading-edge technology that provides better convenience, security and speedy payment of goods and services, particularly in public transport and retail space.

Michael Yu, President of International Business Operations, said: “Watchdata is very proud of providing one of the largest banks in Singapore such multi-applications debit card. This further illustrates Watchdata’s capability and commitment in bringing innovative products for the banking sectors.”

“Such cooperation with a leading bank in Singapore serves another indicator that Singapore is moving forward towards its vision of a cashless society. Watchdata continues to be supportive of such vision, keeping its differentiated innovation in-line with government initiatives in creating a nationwide interoperable micropayment platform that bridges multiple sectors - in particular the transit and retail e-payment space as showcased through this first CEPAS-compliant debit card ,” added Michael Yu.

The card that complies with the Singapore Standard for Contactless ePurse Application (CEPAS) provides better convenience and flexibility for consumers in making cashless payments in and around Singapore. Public transport services including MRT, bus, Electronic Road Pricing (ERP), car park payments, making retail and micro-payment purchases are just some of the many benefits offer by the CEPAS-compliant debit card.
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