Welcome!
NETS
Singapore news
5% of NETS terminal network affected in ongoing disruption; customers advised to use SGQR or cash
According to NETS, users have reported issues with debit card, credit card, QR, tap and PIN transactions.
September 24, 2024
Fintech
NETS introduces integrated POS systems for merchants
It will also be able to handle other processes including tracking sales, managing inventory, and more.
November 09, 2023
Fintech
NETS collaborates with industry partners to broaden customers' contactless payment options
NETS has seen a strong double-digit y-o-y growth for contactless transactions over the last three years.
May 11, 2023
Future of the economy
MAS and Bank Negara Malaysia launch cross-border QR payment link
This payment linkage will allow customers to make retail payments by scanning NETS QR and DuitNow QR codes.
March 31, 2023
Company in the news
NETS to acquire merchants directly for Mastercard and Visa in Singapore
This means eligible NETS merchants will now be able to accept payments using NETS, Mastercard and Visa.
March 14, 2023
Singapore Fintech Festival 2022
NETS focuses on improving user experience, leveraging data in the post-pandemic era
NETS also focuses on increasing its cross-border capabilities, making payments more frictionless for travellers.
October 27, 2022
Tech
Five trends that will shape Asia's financial services industry in 2022
What should APAC financial institutions do to help develop a more digital, connected, inclusive and sustainable world?
December 21, 2021
Fintech
Singapore's PayNow to link with India's Unified Payments Interface by July 2022
Once implemented, fund transfers from Singapore to India can be made using UPI virtual payment addresses (VPA).
September 14, 2021
New appointments
NETS appoints UOB's head of group technology and operations as new chairman
The chairmanship is rotated among the three Singapore banks – DBS, OCBC and UOB – once every three years.
August 31, 2021
Fintech
Wirecard to cease payment services in Singapore: MAS
Other forms of e-payments such as NETS, PayNow and SGQR continue to be available.
September 30, 2020