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Network for Electronic Transfers (NETS)
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
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
News
NETS launches 'smart' stored-value card for retail and transit
Users can top up the card via the NETS App to use it at over 120,000 acceptance points and for their daily commute.
November 22, 2022
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
Digital Economy
NETS and Thai counterpart expand national cross-border QR payment collaboration
Now, Singaporeans shopping at popular tourist attractions such as Chatuchak can pay via their DBS PayLah! and OCBC Pay Anyone apps
August 04, 2022
Zest
NETS to pilot loan solutions with local banks to help SME merchants expand their businesses
The solutions aim to provide flexible repayment plans and quick loan application approvals to support these small business owners.
March 31, 2022
New appointments
NETS appoints OCBC's Sunny Quek and Melvyn Low to board of directors
Quek is OCBC’s head of consumer financial services, while Low is OCBC’s head of global transaction banking.
November 11, 2021
Singapore FinTech Festival 2021
NETS to integrate Alipay+ by early 2022
NETS will be able to facilitate transactions between local businesses and global consumers visiting Singapore.
November 08, 2021
New appointments
NETS appoints former chairman of ICC Banking Commission as independent director
NETS has appointed Tan Kah Chye as an independent director of the board with effect from June 25.
June 30, 2021
New appointments
NETS appoints industry veteran Ricky Lim as CEO of wholly-owned subsidiary, Banking Computer Services
BCS manages and operates clearing and payment infrastructure for the Singapore Automated Clearing House, including FAST.
June 01, 2021