Malaysia, Singapore, 6 March 2018 — NETS, Singapore’s leading payment solutions provider, and the Sarawak Multimedia Authority (SMA) today announced that they have signed a Memorandum of Understanding (MOU) to study the possibility of cross-border usage of their digital payment services in Sarawak and Singapore.
Under the terms of the MOU, both parties will pursue a feasibility study to enable Sarawakians to make NETS QR code payments via their Sarawak Pay mobile app and for Singaporeans to make NETS payments in Sarawak.
The collaboration is the first between NETS and a Sarawak-based Agency, which was formed in November 2017. SMA was set up to coordinate all digital economy initiatives in Sarawak, including infrastructure, e-government, e-commerce, talent development and cyber security.
The Sarawak state government has indicated its commitment to develop ICT infrastructure for speed of connectivity, promote Sarawak as a place to host data centres, promote e-learning among youths and establish a Digital Village, and the ECommerce Transformation Plan to 2030 and to support Sarawak initiatives by private and public sectors.
According to Dr Zaidi Razak, the General Manager of SMA, the memorandum of understanding marks the beginning of a closer technology and resource sharing between SMA and NETS. SMA is confident that the results of the feasibility study will accelerate the proliferation of digital payment for Sarawakians and Singaporeans in Sarawak.
Mr Jeffrey Goh, Group CEO, NETS Group, said: “This agreement is a good demonstration of bilateral cooperation and mutual benefit. We look forward to collaborating with SMA as both parties work to roll out digital payment solutions across borders for the convenience of our merchants and consumers.”