The NETS Group is a leading payments services group, enabling digital payments for merchants, consumers and banks across the entire payments value chain.
Operating Singapore’s national debit scheme, NETS enables customers of DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and UOB to make payments using their ATM cards or mobile devices at more than 102,000 acceptance points in the country as well as online payments. About 1 in 3 Singaporeans use NETS vCashCard, FlashPay, PayNow or NETSPay payment options every day.
NETS’ success hinges on being able to develop and deploy innovative new services that make it easier for customers to pay while giving merchants and banks better visibility into customer behavior. Those new services must, of course, comply with a litany of government regulations, and be able to integrate with other payment services and gateways.