With over 20 years of hands-on experience in payment
solutions and always a frontrunner in technology, NETS
now aims to meet your business needs beyond our shores.
Key Benefits
Cutting-edge technology
We are uncompromising when it comes to providing you
with optimal service quality anywhere in the world.
Meeting your specific business needs
With our rich industry knowledge, we have all the experience
needed to meet your business needs.
Value-added services
We provide outsourcing services for banks such as Bank
Cards transaction processing and Card Production.
Flexible payment options
We operate an Internet and Mobile payment gateway which
enables different types of payment modes and accepts
all major international cards. Our suite of customised
solutions - such as card processing and EFTPOS services
- are dedicated to meet your business needs.
China Union Pay (CUP)
NETS has signed a landmark deal with its Chinese counterpart,
China Union Pay (CUP), to let Chinese visitors use their
credit and debit cards to make purchases and withdraw
cash from ATMs throughout Singapore.
This service effectively allows NETS, its merchants
and shareholder banks to tap on a Chinese card holder
base of more than 300 million who form the second largest
group of foreign visitors to Singapore.
NETS will enable CUP card holders to withdraw cash directly
from the 700 ATMs operated island-wide by leading local
banks OCBC and UOB, with a daily cumulative withdrawal
limit of the Singapore Dollar equivalent of 5,000 RMB.
Chinese visitors can also use their card for payments
at merchants in Singapore that display the CUP logo.
MEPS
NETS and Malaysian electronic payment provider, MEPS,
are launching a new cash withdrawal service for card
holders in Singapore and Malaysia, who can now look
forward to greater savings and convenience when they
travel across the Causeway.
Targeted at a total potential market of 9.5 million
visitors, this new service makes cash withdrawal more
convenient for consumers in both countries as they no
longer need to go through the hassle of looking for
a money changer to get their currencies converted. Instead,
they have ready access to a network of ATMs in Malaysia
and Singapore, providing them cash in a secure and safe
manner as and when required.
Currently, RHB Bank in Malaysia and OCBC Bank in Singapore
will be the first two banks in each country to start
using this service. OCBC ATM cardholders will be able
to use a growing network of more than 500 Automated
Teller Machines (ATM) with RHB Bank in Malaysia to draw
cash. These RHB ATMs will be identified with a NETS
ATM decal.
Similarly, RHB Bank ATM cardholders can enjoy the same
here through more than 360 ATMs owned by OCBC Bank.
These OCBC ATMs will carry a MEPS logo on them.
This is expected to translate into higher visitor spending
and stronger sales for merchants, helping to boost economic
exchange between the two neighbouring countries.
This partnership with MEPS is part of NETS' commitment
to provide greater value to customers and merchants.
Click
here to check out the exchange rate for the MEPS
service. |