The new ez-link card, available for sale now in Singapore, can be used for train and bus fares, electronic road pricing fees and even at 7-Eleven convenience stores and McDonald’s restaurants. The stored value of the new card has also been increased to a maximum of about U.S. $350 up from U.S. $65 for the existing card.

From January, all passengers will be able to exchange their old ez-link cards for the new ones, for free. Currently, there are more than 10 million ez-link cards in circulation. However, as one analyst pointed out, more merchants are needed for these types of smart cards to be successful. Read more here.