NETS

The NETS Group is the region’s leading payments services group, processing some S$1 trillion in transaction value through its systems every year. Its suite of services include direct debit, credit, QR code and mobile payments at point-of-sale and online, card services, electronic funds transfers and cheque processing services.

With more than 105,000 acceptance points in the country, the Group operates Singapore’s largest payments network enabling customers of DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and UOB to make payments using their bank cards or mobile devices at its terminals. NETS is also the issuer of CashCard and Flashpay cards.

It is the market leader for payment and clearing solutions, operating the Real-Time Gross Settlement system, Cheque Truncation System, and funds transfer services FAST, GIRO and PayNow. It also manages and operates the clearing and payment infrastructure for the Singapore Automated Clearing House.

NETS is a member of the Asian Payment Network and a council member of UnionPay International.