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SINGAPORE: Motorists will soon have an alternative mode of payment for ERP charges.
In a link-up between the Land Transport Authority and DBS Bank, motorists will be able to subscribe to a new credit card scheme that will allow any bank's Visa/MasterCard credit card to be used to pay ERP charges.
The scheme, which starts from November 5, will benefit motorists who may forget to insert their CashCards in their IUs or may not have the time to top-up their CashCards when the card balances are low.
Jeremy Soo, Managing Director and Head of DBS Consumer Banking Group, Singapore, said the partnership with LTA reflects the bank's commitment to provide convenience to customers through innovative modes of e-payment.
Motorists who wish to enjoy the new credit card scheme, which comes with a monthly subscription fee of S$2.50 must first subscribe online to the scheme via the One.motoring or MotorPay websites from November 5.
Once an email notification is sent to the person who signs up, the successful applicant can go card-free through the gantries.
ERP charges which will then appear in the monthly credit card bills can also be paid the usual way via stored-value CashCards if the driver chooses to.
LTA Chief Executive, Mr Yam Ah Mee, said the scheme will benefit fleet owners such as delivery companies and other registered motorists as they will no longer have to search for top-up machines, saving valuable time for their operations.
"LTA will continue to develop innovative means for e-payment channels for the convenience of motorists," he added.
- CNA/sf
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