Thanks to Mastercard’s payments technology and insights, commuters can enjoy a more frictionless, seamless payment option that enhances their overall travelling experience, making commuting easier, faster and more convenient.
Mastercard Contactless is available for rail fare payment of high-speed train services – KLIA Express and KLIA Transit – operated by Express Rail Link Sdn Bhd (ERL), which connect commuters to two major airports, Kuala Lumpur International Airport (KLIA) and klia2 with the Kuala Lumpur city center.
Commuters can simply Tap & Go™ at payment terminals by using their contactless debit or credit Mastercard cards, or mobile wallets linked to Mastercard cards to pay for their ride without the hassle of queueing up and head to their destination quickly.
This is in line with Mastercard’s commitment to support the country’s cashless agenda while delivering a smart mobility solution.
Malaysia joins other global cities the likes of London, Sydney, Milan and Singapore that have achieved significant leaps in digitising the transportation sector through offering contactless solutions that support open-loop transit systems.
By making public transportation more accessible and appealing, transit authorities can also expand ridership and reduce operational costs in the long-run. Tourists who are travelling to and from Kuala Lumpur via the ERL trains using the convenience of contactless payments can lead to a potential increase in cross-border spend.
The collaboration is timely as Malaysians’ adoption of contactless payments continue to grow, as the country accelerates its move towards a world beyond cash.
According to Mastercard data, contactless transactions in Malaysia are growing at an impressive 135 percent year-on-year, fueled by over 250,000 contactless terminals across the country.
The integration of contactless payment acceptance in transit with everyday usage will bring significant opportunities, not only in expanding Mastercard’s contactless footprint across the country, but also reinforces efforts to engage with partners across various industries to offer technology solutions that improve lives while contributing towards the Malaysian economy.