Roll Out of NETS FlashPay Card Top Up Points Gathers Momentum

Passenger Service Centres and UOB ATMs have become latest top up channels; hundreds more top up points being rolled out.

Singapore November 26, 2009 - Singapore’s leading electronic payments provider, NETS, today announced hundreds more top up points to come on stream for the NETS FlashPay card as it progressively rolls out its extensive supporting network.

NETS FlashPay card can now be topped up at 53 Passenger Service Centres (PSC) at SMRT stations and over 500 UOB ATMs across the country. By January, 20 more PSCs at the Northeast and Circle Lines will offer the card top-up services.

The NETS FlashPay card can also now be topped up at some OCBC ATMs, and by end January, at all the over 500 OCBC ATMs. By March next year, all DBS ATMs will also be ready to top up the card.

At the MRT stations and bus interchanges, 78 Added Value Machines (AVMs) are being upgraded to top up the card by February 2010. More iNETS kiosks are also being installed at MRT stations and other high traffic locations for customers to purchase and top up the NETS FlashPay card. The new venues include Bukit Gombak, Yew Tee and Simei MRT stations, and Bt Panjang, Yishun and Sembawang bus interchanges, Chevron House and Heeren shopping mall.

Currently customers can also top up their card at all TransitLink Ticket Offices at MRT stations and bus interchanges; 7-Eleven, Cheers and SPH Buzz stores; and at some NETS Top Up machines at HDB multi-storey and commercial carparks and condominiums.

NETS FlashPay Card –Top Up Points
TOP UP POINTS NOW	JAN 2010	FEB 2010	MAR 2010
1. At MRT stations, bus interchanges, commercial buildings - iNETS Kiosks - TransitLink Ticket Offices - SMRT Passenger Service Centres   (except Circle Line) 2. Bank ATMs - All UOB ATMS (over 500) - OCBC ATMs –roll out in progress 3. NETS Top Up Stations -roll out in progress - HDB Multi-Storey & Commercial Carparks - Condominiums 4. Authorised Card Distributors - 7-Eleven Stores (except at Shell) - Cheers & FairPrice Xpress - SPH Buzz Kiosks 5. NETS Customer Service Centre	MORE TOP UP POINTS Passenger Service Centres at SBST Northeast Line and SMRT Circle Line All OCBC ATMs(over 500) 7-Eleven Stores at Shell –commence roll out	MORE TOP UP POINTS Add Value Machines (AVM) at MRT stations, bus interchanges	MORE TOP UP POINTS All DBS ATMs

In addition, the integrated UOB-NETS FlashPay card, which combines debit and stored value functions, can also be topped up at over 3,000 NETS FlashPay retail terminals, while the customer is making a purchase. OCBC and DBS banks will issue similar integrated NETS FlashPay cards over the next few months.

Integrated Bank ATM-NETS FlashPay Card – Additional Top Up Points
NOW	DEC	JAN	FEB	MAR	END 2010
All NETS FlashPay retail acceptance points - Over 3,000 points	>>>>>>>>>>>>>>>>>>>				All NETS FlashPay retail acceptance points - Over 10,000 points

NETS Chief Executive Officer, Ms Poh Mui Hoon, said: “Our priority since the card launch last month has been to deliver greater customer convenience with the planned roll out of the extensive card top up network. We will also soon introduce more innovative ways to increase card top up convenience including a free automatic top up (ATU) service.”

During the current promotional period, customers can purchase the NETS FlashPay card for S$12 and get S$12 in stored value.

The card also features promotional offers at various merchants. These include “S$1 Specials” at Mr Bean, Koufu, SPH Buzz, Comic Connections, Poh Kim Video and Eng Wah Cinemas. “Smart Deals” offers are also available at Famous Amos, Auntie Anne’s, Yoshinoya, Donut Empire, Gelateria Venezia, O’Brien’s Irish Sandwich and Four Seasons Durian.

The card also offers rewards and prizes for transit rides and stored value top ups. NETS has also tapped the group of 1.2 million NTUC LinkPoint members by offering LinkPoints for transit rides and retail purchases.

NETS currently has more than 56,000 payment points, of which 37,000 are retail points throughout the country. The company estimates that the yet untapped market segments of small value payments in quick service food and retail outlets, convenience stores and supermarkets have S$1 billion of cash based transactions that can potentially be converted into electronic payments.