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LTA and NETS launch virtual cashcards for ERP payments in Singapore

Nurdianah Md Nur | May 29, 2015
vCashCard eliminates the need for physical stored-value card for ERP payments.

With vCashCard, motorists in Singapore will no longer have to worry about having insufficient value in their physical stored-value card called CashCard when they pass through an operational Electronic Road Pricing (ERP) gantry.

vCashCard is a virtual wallet launched by the Land Transport Authority (LTA) and NETS. When a motorist registers for a vCashCard account, the virtual wallet will be topped up with S$50 from a registered credit or debit card or bank account.

ERP charges will be deducted directly from the vCashCard  if no physical CashCard is inserted in the in-vehicle unit (IU) or if the physical card has insufficient value. No amount from vCashCard will be deducted if the physical CashCard in the IU has sufficient value.

Once the amount in the vCashCard falls below S$10, it will automatically be topped up with S$50 from one of the cards or bank accounts linked to the wallet.

While subscription to vCashCard is free, a top up fee of S$0.50 will be incurred for every top up. However, the top-up fee will be waived for motorists who link their account to their United Overseas Bank (UOB) card or Internet Banking account, for the first year.

Even though vCashCard is currently only usable at ERP gantries, there are plans to extend its use to electronic parking system carparks, said NETS and LTA.

 

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