Tag "Nets"

Bring Colour Back to the South East Asian Payments Landscape

For the global banking and finance industry, Southeast Asia (SEA) has established itself as a key region in terms of innovation and growth opportunities in real-time payments. Underlying this is the fact that SEA’s internet economy is projected to triple

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NETS Partners Singtel for Cross-Border Digital Payment Services

Network for Electronic Transfers (NETS) plans to accelerate the development and delivery of its digital cross-border payment services, leveraging Singtel’s ConnectPlus Managed Network and Amazon Web Services’ (AWS’) cloud computing platform. This collaboration will pave the way for Singaporeans to

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NETS Group Appoints New CEO

Network for Electronic Transfers (NETS) announced today that Lawrence Chan has been appointed Group Chief Executive Officer, with effect from 22 June 2020. Chan joins the NETS team with over two decades of payments experience, and a strong track record

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Singtel’s NCS Partners NETS to Develop New e-Payment Platform for Central Banks in Asia Pacific

NCS today signed a memorandum of understanding (MOU) with the Network for Electronic Transfers (NETS) Group to develop a new real-time Electronic Payment and Securities Settlement Platform for central banks. The collaboration brings together NCS’ capabilities in building highly secure,

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NETS ATM Card Payments Now Available in 7,400 Spots in Malaysia

Network for Electronic Transfers (NETS) and its Malaysia equivalent, PayNet,  announced today the launch of a real-time cross border payments usage of NETS ATM cards in Malaysia and vice versa. In April 2019, the joint statement by Tun Dr Mahathir

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NETS CEO Jeffrey Goh Steps Down

Network for Electronic Transfers (NETS) announced today that Group Chief Executive Officer Jeffrey Goh will be stepping down from his position and all other appointments within the NETS Group of companies, effective November 22, 2019. Mr Goh will be pursuing

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NETS and ComfortDelGro Launch In-App Payment for NETS Users

NETS and ComfortDelGro Taxi announced the launch of NETS’ new in-app payment method for taxi bookings and street hail trips made through the ComfortDelGro Taxi Booking App. Named NETS Click, the initiative enables consumers to use their NETS bank cards

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Singapore’s NETS to Assist Myanmar in Implementing Universal QR Payment

The NETS Group today announced that it has signed a Memorandum of Understanding (MOU) with Myanmar’s national payment network to establish a Payment Technology Exchange & Development Programme. The first project under the Programme will see NETS sharing its technical

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Addressing Hawker’s Cashless Woes, NETS Launches Same-Day Payment Settlement

NETS today announced the launch of same-day settlement for hawkers every day – which they claim to be the fastest in the industry. Despite the Singapore’s fervent push for a cashless society, there are still resistance from some segments of

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Singapore and Thailand QR Payments Will Soon Be Standardised

Thanks to a partnership signed between NETS and ITMX, Thailand’s interbank payment infrastructure, Thai mobile wallet users will soon be able to scan the NETS QR Code and NETS Pay Users in turn will also be able to scan the

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