Citibank Visa cardholders may not have to fumble for coins to make some small-ticket item purchases up to $100.
The bank on Tuesday launched the “Quick Pay Tag”, a sticker tag that you can paste on anything such as your mobile phone and link to an existing Citibank Visa card. You can then use it at Visa payWave terminals in the country to make payments.
Once linked, the tag will allow users to enjoy personalised discounts through e-coupons that will be transacted into the account digitally, bank officials said at the launch event.
Jacquelyn Tan, managing director and head of credit payment products at Citibank Singapore, noted that people in Singapore are embracing contactless payments as number and volume of such transactions have grown.
“In particular, customers have shown that they like to use contactless payments for transaction amounts between $25 to $50, and with a marked preference for grocery purchases, followed by dining and movie tickets,” she said.
The tag “is a new payment innovation that is very relevant for Singaporeans who are embracing the move towards a cashless society,” said Peter Maher, Visa group country manager for Southeast Asia and Australasia, said.