Watchdata has announced that it has teamed up with DBS and Visa to produce a 3-in-1 single-chip smart card that offers consumers multiple capabilities for cashless payment.

On 25 August, DBS bank introduced its Live Fresh Visa payWave Platinum card, the first credit card in Singapore to offer Visa payment, Visa payWave and EZ-Link services on a single card. This unique combination will allow cardholders to enjoy the speed and convenience of electronic contactless payments for different needs ranging from retail purchases to public transport payments.

The card uses Watchdata’s leading-edge technology approved by Visa for Visa Smart Debit Credit (VSDC) and payWave. It also supports the Singapore Standard for Contactless ePurse Application (CEPAS) that provides better convenience and flexibility for consumers in making cashless payments in and around Singapore.

Cardholders can enjoy the speed and convenience of electronic contactless payments for different needs ranging from retail purchases in participating retail outlets to public transport payments on buses and MRT trains. The contactless payment technology allows users to pay by simply waving their card in front of a secure point-of-sale (POS) contactless reader, providing them with the convenience of shorter transaction and queue times and a quick and hassle-free retail experience.

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