Fintech Singapore has reported that 1 million motorists in Singapore are eligible to receive free NETS Motoring Cards. This initiative aims to promote cashless payments and streamline the process of paying for road tolls, parking fees, and other motoring-related expenses.
The NETS Motoring Card is a contactless payment card that can be used at various motoring facilities across Singapore, including Electronic Road Pricing (ERP) gantries, car parks, and petrol stations. By using the card, motorists can enjoy the convenience of making quick and secure payments without the need for cash or physical cards.
To be eligible for the free NETS Motoring Card, motorists must have a valid Singapore-registered vehicle and an existing NETS FlashPay or CashCard account. The card will be automatically credited with a preloaded amount, which can be topped up at any NETS self-service station or online.
This initiative is part of the Singapore government’s efforts to promote digital payments and reduce the reliance on cash transactions. By encouraging motorists to use contactless payment methods, the government hopes to improve efficiency and reduce congestion at toll booths and car parks.
In addition to the convenience of cashless payments, the NETS Motoring Card also offers motorists the benefit of earning reward points for their transactions. These points can be redeemed for discounts on motoring-related services or products, providing additional incentives for motorists to switch to digital payments.
Overall, the introduction of the free NETS Motoring Card is a positive step towards modernizing Singapore’s motoring infrastructure and promoting a more efficient and convenient payment system for motorists. With 1 million motorists eligible to receive the card, this initiative has the potential to significantly impact the way people pay for motoring expenses in Singapore.