To: John Smith
From: Shivangi Gosai
Date: 7/28/14
In context to the presentation
held on Tuesday regarding the EZ-links and nets e–payments, I believe that the
CEPAS implementation was a smart step taken for the welfare of the people of
Singapore. Looking prior to 2009, when Singapore was dominated by two major
card issuers with non–interoperable cards: LTA and NETS, created consumer
inconvenience. However, CEPAS focused more towards an open situation i.e. a
thought of having one card across all systems. I believe that on enabling this
synergy between applications will minimize resource duplication. The idea of
allowing both companies to operate independently and all they have to do is to
adhere to the CEPAS standard seems to bring out the best from the individual
strategy. Using a third party governance seems to fit the idea as it will
eliminate biases and create equitable payment system. Finally, with a proper
backend system which ensures accurate transmission, encouraging consumer and
business adoption by offering easy access, incentives and marketing will end up
getting a successful CEPAS system.
Regards,
Shivangi Gosai
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