NETWORK FOR ELECTRONIC TRANSFERS

The NETS Group is a leading payments services group, enabling digital payments for merchants, consumers and banks across the entire payments value chain. The Group operates Singapore’s national debit scheme enabling 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. The NETS network also accepts NETSPay, UnionPay and BCA c... ards, and includes 40,000 Unified POS terminals and 55,000 QR acceptance points. NETS is also the issuer of CashCard and Flashpay cards. The NETS Group manages and operates the clearing and payment infrastructure for the Singapore Clearing House Association and core electronic transfer services FAST, Inter-bank GIRO and PayNow. It is the market leader for payment and clearing solutions (Real-Time Gross Settlement system and Cheque Truncation System) in the region with some S$1 trillion in transaction value processed through its systems every year. NETS is a member of the Asian Payment Network and a council member of UnionPay International.More