The NETS Group is a leading payments services group, enabling digital payments for merchants, consumers and banks across the entire payments value chain.
It operates Singapore’s national debit scheme enabling customers to make online payments and payments using their ATM cards or mobile devices at more than 114,000 acceptance points in the country. The NETS network accepts UnionPay and BCA cards, and includes 47,000 Unified POS terminals and 74,000 QR acceptance points. NETS is also the issuer of CashCard and Flashpay cards.
It manages the clearing and payment infrastructure for the Singapore Clearing House Association and core electronic transfer services FAST, Inter-bank GIRO and PayNow. It is the market leader for payment and clearing solutions (Real-Time Gross Settlement system and Cheque Truncation System) in the region with some S$1 trillion in transaction value processed through its systems every year.
NETS is a member of the Asian Payment Network and a council member of UnionPay International.