In addition, small businesses with a turnover of less than $1 million will be able to enjoy competitive merchant discount rates (MDR) for Mastercard and Visa payment schemes if they opt to include Mastercard and Visa as part of their payment methods.
NETS Group has signed landmark agreements with Mastercard and Visa on March 14 to acquire their merchants directly in Singapore.
This means eligible NETS merchants will now be able to accept payments using NETS, Mastercard and Visa.
