E-purse looks set for global travel

Commuters will perceivably be able to use Visa's e-purse payment system to pay for public transport around the world following an announcement from Visa and local smart card specialist, ERG Group.

Visa and ERG Group formed a partnership to integrate chip-card-based transit applications with the Visa Cash electronic purse application using the Common Electronic Purse Specifications (CEPS), officials said yesterday. Visa and ERG will endorse and support each other's transit-related applications.

Mass transit is a "key application" in introducing smart cards to the greater public. Officials said electronic purse schemes provided a convenient payment tool for low-value, frequent purchases.

The new development will be platform independent and reliant on systems that comply with Visa's version of CEPS.

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