SINGAPORE - Sale of standard tickets - limited use paper tickets - at MRT stations will be progressively phased out between January and March 2022. This comes as most commuters are already using stored value cards or account-based ticketing such as contactless bank cards. Standard tickets were introduced to allow commuters to pay for their ride when the MRT system began operations in 1987, but now fewer than one in 1,000 trips are paid using these tickets, according to the Land Transport Authority (LTA) in August. The LTA said on Friday (Dec 3) that the move will start with the Thomson-East Coast and Downtown lines from Jan 10. This will be followed by the Circle and North East lines on Feb 10, and the North-South and East-West lines on March 10. The LTA has also reduced the minimum top-up amount for stored value cards such as ez-link cards at ticketing machines to $2, down from $10 for adults and $5 for student concession cards. "This will allow commuters who have limited cash on hand to top up, continue their journeys and enjoy the cost savings," said the LTA. The move to phase out standard tickets - purchased for single or return trips - because of low usage was announced earlier in August. The LTA said stored value cards and account-based ticketing options offer commuters more savings and convenience. For example, a 3.2km trip costs $1.70 when using standard tickets, compared to $0.92 with stored value cards or account-based ticketing. In preparation for the phasing out of standard tickets, LTA conducted pilots earlier this year at some MRT stations where the sale was temporarily halted. Responding queries to The Straits Times, an LTA spokesman said the sale of standard tickets at general ticketing machines at Farrer Park and Lavender MRT stations was temporarily suspended for a day on Aug 31, and at all stations on the Thomson-East Coast Line for a week starting on Nov 15. This was to enable the rail operators, LTA and TransitLink to refine standard operating procedures for the actual phase out, and gather information on commuters' standard ticket use, she said. "Through these trials, we found that those who were still using standard tickets generally had access to alternative payment modes such as contactless bank cards, mobile wallets and ez-link cards," the LTA noted. More on this topic Related Story A measured increase, but how can system best stretch the public transport fare dollar? Related Story Fare gates on North-South, East-West and Circle MRT lines to be replaced by July 2026 Following the announcement in August, it has been working with partners to contact seniors, lower-income groups and migrant workers to encourage them to switch to stored value cards or account-based payment. Since September, letters have been sent to Comcare recipients who do not own a concession card to inform them that they are eligible for a free adult ez-link card. These free cards can be redeemed at any of the 48 Transit Link ticket offices or concession card replacement offices within three months from the date of the letter. "To assist commuters as standard tickets are phased out, service ambassadors will be deployed at selected train stations over January to March 2022," the LTA said.
New York, NY, Oct 1, 2021 - (ACN Newswire via SEAPRWire.com) - Amnext brings a revolution in classic saving methods by launching multiple No Loss Prize Pools where users can easily save Cryptocurrencies and gain the possibility to earn direct and passive incomes with lower risks.Amnext is solving the ever-evolving issues of standard lottery systems which are created to produce profit without considering the negatives they bring. For example, CNBC reported that in the United States, "Spending on lotto tickets adds up to about $1,038 each year per consumer, according to a recent survey commissioned by Bankrate of over 2,300 U.S. adults". (Leonhardt, 2019)1. A study conducted by Ann Carnahan talks about Compulsive Gambling in lotteries: "There is growing evidence that the new games the lotteries have introduced to increase sales are more addictive, and are compounding the problem of compulsive gamblers. Dr. Lance Dodes, Director of the Center for Problem Gambling at Mt. Auburn Hospital in Cambridge Massachusetts, estimates that 40% of his patients are lottery players."This is something that Amnext has set out to solve.The No Loss Prize Pools has been developed on the Binance Smart Chain, bringing to the world a fun and easy way to save money and gain profits. The creators combined the power of Blockchain and DeFi with a Lottery to create something unique and helpful for saving money and winning at the same time.The platform allows all individuals the possibility of earning passive income through multiple methods. The first method is the AMC Machine, which provides a standard high-interest yield in $AMC tokens. The second one lets users save money by depositing funds into the No Loss Prize Pools and receiving back No Loss Tickets, which entitle them to win prizes until they decide to withdraw the funds. Thus, the lucky winners get the pool prizes and their tickets back at the end of each prize draw. However, this game is unique because players who don't win also get their tickets back. Thus, everyone involved keeps their money safe. The Amnext Prize Pools uses a smart system to fund the prizes, the funds deposited earn interest in staking pools and at the end of each day, it is accrued to generate the jackpots. The third feature that has been designed is the Lifetime Lottery system. This allows investors to buy lifetime tickets and create affiliate networks that bring them direct and passive incomes. Something unique and straightforward happens; the participants acquire an infinite chance to win and the right to participate in the lottery drawings forever.Features Overview No Loss Prize Pool: The No Loss Prize Pool is composed of pools of funds whose accrued interest is distributed as prizes. The concept is well-established and otherwise known as "Prize Linked Savings Account". All prize games created by the protocol share the same fundamental characteristics. Lifetime Ticket: Lottery tickets that are valid for life. Users can buy lifetime tickets and get the opportunity to win grand prizes for the rest of their life as well as gain profits thanks to the articulated network marketing system. Yield Sources: Amnext has a staking protocol named AMC Machine; it is used as the yield prize generator for the AMC Lifetime Pool and the primary AMC No Loss Prize Pool. Other Prize Pools use the Venus Protocol yield sources and the PancakeSwap syrup pool as yield prize generators. Loot Box: The Loot Box is an incentive in AMC tokens, added to the Grand Prizes of the Prize Pools. The Loot Box is generated from 20% of the AMC minted per block. AMC Machine: Users can stake AMC Tokens and generate more AMC to increase their profits significantly. Fabio Pizzingrilli, the CEO said, "The Amnext ecosystem is built around two concepts; change the entire lottery system and offer people around the world a safe and easy way to save money and earn profits."Media ContactCompany: AmnextContact: Fabio PizzingrilliTwitter: @FabioPizzin | @OfficialAmnextTelegram: @amnext_officialEmail: info@amnext.ioWebsite: https://amnext.io Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

