Singaporean prepaid card group EZ-Link will use Yalamanchili’s next generation payments platform to provide the payments processing capability behind the recently- launched contactless M1 Prepaid MasterCard.
The card, a co-branded collaboration between EZ-Link, MasterCard Worldwide and M1, a provider of mobile, broadband and fixed communications services in Singapore, is the first prepaid product in Singapore that integrates voice (telephony), global retail, and transportation contactless payments all in one card.
EZ-Link has integrated Yalamanchili’s payment processing platform into its existing infrastructure, enabling it to create and manage the development and launch of prepaid card products. Using Yalamanchili’s platform, EZ-Link has delivered programme management services to its telecommunications partner M1, resulting in the launch of the M1 Prepaid MasterCard.
The innovative new card combines the convenience of three prepaid cards into one, enabling users to top up M1’s existing prepaid mobile M Card, make contactless payments for public transport and make everyday purchases using the MasterCard payment facility.
“Yalamanchili’s payment processing platform has supported EZ-Link’s prepaid business since April 2009,” said EZ-Link’s chief executive officer (CEO), Nicholas Lee. “Its modular system provides EZ-Link’s prepaid team with backend access and more control over the payment process. It also reduces the time needed to bring our allied prepaid products to market. These enhancements enable EZ-Link to offer a wider variety of more sophisticated services to our customers, presenting us with new opportunities to generate revenues.”
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