First publishedon www.ITSInternational.com
Malaysian bank CIMB Group Holdings Berhad has entered an agreement which it says will provide drivers with more payment options at Plus Malaysia Berhad's expressways from 1 April 2020.
The toll payment services will be facilitated Touch n' Go Sdn Bhd through the TNG RFID tag,
CIMB says the initiative will allow drivers to link their TNG RFID tags to bank accounts, credit cards, debit cards or the TNG e-wallet.
Datuk Azman Ismail, managing director at Plus, says the move will allow other modes to be considered over time, “thus ensuring the toll industry is always relevant with market practices”.
“RFID transactions will be real time, as our highway customers will receive immediate notification of their balance,” Ismail added.
TNG RFID services will be available in 10 open system toll plazas at Plus expressways by 1 January 2020.
CIMB and TNG intend to roll out open payments to all toll highway concessionaires across Malaysia in the future. Over time, this method of payment is expected to replace the TNG card that is being used on toll transactions across the country.
The service has been piloted at selected expressways since the beginning of 2019. Currently, there are over 700,000 RFID tags installed on vehicles across Malaysia which are linked to the TNG e-wallet.