Network for Electronic Transfers (NETS) has unveiled NETS SoftPOS, a new payment solution that allows merchants to accept contactless payments using their Android smart devices.
This eliminates the need for traditional payment terminals, offering a more cost-effective and flexible payment option.
With the NETS SoftPOS app, which is available on the Google Play Store, merchants can accept payments via cards, QR codes, and mobile payment methods.
Supported payment options include NETS ATM/debit cards, NETS Prepaid Cards, major international card schemes, and QR payments from local banks like DBS, OCBC, and UOB, as well as various overseas banking and wallet apps from countries including China, Indonesia, Malaysia, and Thailand.
NETS SoftPOS aims to lower the barriers for merchants who wish to meet the growing consumer demand for contactless payment options.
By eliminating the need for extra terminals, this solution allows businesses to integrate payment processing into their existing operations more seamlessly.
The app is compatible with most Android devices, including POS hardware and tablets, offering flexibility for merchants who prefer not to use personal mobile devices.
Several merchants across various sectors, such as food and beverage and retail, are already participating in the pilot scheme.
“With NETS SoftPOS, we are empowering merchants with a cost-efficient payment solution to accept payments anytime and anywhere at no incremental cost.
By leveraging their existing smart devices – including mobile and tablets – we are providing merchants with payment options while maintaining high security standards for contactless transactions,”
said Lawrence Chan, Group CEO at NETS.
