Smart companies have recognized that small investments into this area can result in big returns. What was the last smart thing we saw from the bunch involved here?
Was thinking today that I forgot how EZLink was formed. Did a quick search, here's a refresher for others who also forgot.
Owned by LTA.
Current CEO was originally a public servant seconded from LTA in 2002.EZ-Link was formed by the Land Transport Authority (LTA) on January 8 2002, to manage Singapore's single largest contactless Stored Value Smart Card System that has been mainly used for payments on public buses and Mass Rapid Transit (MRT) trains since April 2002.
EZ-Link is a wholly owned subsidiary of LTA and is regulated by the Monetary Authority of Singapore and the Public Transport Council.
SINGAPORE, 30 SEPTEMBER 2011 – EZ-Link Pte Ltd announced today the appointment of its current Executive Director, Mr Nicholas Lee Tat Meng, to Chief Executive Officer with effect from 1 October 2011.
“The Board of Directors is pleased to announce the promotion of Nicholas Lee to Chief Executive Officer of EZ-Link Pte Ltd and on behalf of the Board and staff of EZ-Link Pte Ltd, I wish Nicholas a successful career in his appointment as CEO. We look forward to greater growth in adoption, transactions and applications under his able leadership,” said Mr Wilson Tan, Chairman, Board of Directors, EZ-Link Pte Ltd.
Mr Nicholas Lee was first seconded to EZ-Link Pte Ltd on 1 October 2002 from the Land Transport Authority (LTA) as a business manager. He was officially appointed the Senior Vice President, Business & Technology, of EZ-Link on 1 September 2004.
Nothing is free until you are hooked onto it.
I think it is a matter of time that the banks charge you for using ATM card/machine.
$0.20 looks little but when millions and million use them...
Imagine no ATMs, back to the old days, how do customer withdraw money? Go personally to bank banch? So there will be a long q in the branch. Its not good for banks in long term. Manpower not enough to cope with the q.
The bank rather push these money withrawal customers to ATMs, so that the only customers walking into the banks are for investments, account opening, loan borrow, which brings more $$ to the bank.
cant imagine so much whining over 20 cents ..... people also have to pay for the machine and pay rental leh
go 7-11 or petrol station and pay 50cents lor
or just do it at MRT Stations and Bus Terminal free