NETS Group
Who we are
NETS Group is a leading payments services group comprising three entities – NETS, Banking Computer Services (BCS) and NETS Solutions. We empower consumers, merchants and banks to enjoy and deliver digital payments across the entire payments value chain.
Manage and operates
Singapore’s national payment system
Equally owned by Singapore’s three largest banks
Founding member of the Asian Payment Network and UnionPay International
Vision
Towards a Cashless Society
We opened our doors in 1985 with the aim of establishing infrastructure, systems and services to facilitate electronic banking services and financial payments. Since then, we have stood at the forefront of cashless payments in Singapore, continuously innovating over the years to capitalise on technological advancements and keep ahead of changing consumer needs.
Our earliest service offerings comprised Interbank GIRO, which enabled the public to pay their bills electronically, and the NETS debit scheme, where consumers could make retail purchases with just a card and PIN. These marked the start of a journey that has spanned over 30 years and has seen the introduction of numerous cashless payment innovations to Singapore’s economy.
Today, NETS is an integral part of daily life in Singapore, providing innovative and diverse digital payment solutions, including NETS contactless payment, digital payments overseas as well as NETS QR payment, online and in-app payment. From shopping and transport, to transferring money and paying bills and fees, NETS ensures that each payment is made swiftly and securely every time.
Solutions
A full suite of payments and financial processing services
The Group provides a full suite of payments and financial processing services including direct debit and credit payments at point-of-sale (NETS) and online (eNETS, in-app payments), QR payments (NETS QR), card services (Prepaid, Motoring card), electronic funds transfer (FAST, Paynow, GIRO) and cheque processing services (CTS).
1. Payment Network
2. Card Services
3. Merchants Solutions
4. Electronic Funds Transfer
5. Clearing House
6. Payment and Processing Solutions
Innovating diverse digital payment solutions
From in-app to QR based payment, our solutions make daily transactions a tap, scan or click away.
With a tap
NETS Contactless is the new generation of contactless-enabled NETS Bank Card.
Enables fast, seamless, and secure transactions.
Accepted for retail and transit payments.
With a scan
NETS QR enables convenient mobile payment by scanning NETS QR codes using the preferred bank app.
Types of NETS QR code:
- Dynamic QR on a NETS POS terminal screen
- Static SGQR label at the cashier
- Online QR at web check-out page
With a click
NETS Click allow consumers to use their NETS bank card for purchases within a merchant’s third party app.
Some of our current partners:
- ComfortDelgro
- Singtel
- Pick & GO
- AXS
- NUSmart Dining
- kcutGO
When overseas
DBS/ POSB, OCBC and UOB bank wallets and NETS cards issued in Singapore can be used to make overseas payments.
Travellers can enjoy competitive foreign exchange rates and zero currency conversion fees.
Milestones
Over 30 years of empowering Singapore’s cashless economy
Track Record
Our track record of pioneering firsts
First in
Southeast Asia
to deliver instant payments (FAST) based on ISO20022
First in
Asia
to create a nationwide Electronic Clearing System and to Implement a Real Time Gross Settlement (RTGS) system
First in
The World
to introduce an electronic prepaid card scheme on nationwide basis (CashCard), to tokenise a domestic card scheme to third party mobile platforms (NETS in-app payment), and to deliver an image-based cheque truncation system (CTS)
Our Awards
Over the years, NETS has garnered numerous accolades from the payment industry and the corporate community in recognition of our high standards of excellence. Our recent awards include:
Core Values
Our Purpose and Values
Connecting Communities, Empowering Lives
As a leading provider of digital payment services and related technology solutions in Singapore, NETS operates a widely entrenched network that connects merchants, financial institutions, corporate customers and consumers.
Our Core Values
Do the Right Thing
We act with honesty, transparency and courage to uphold our values.
Connect & Contribute
We work collaboratively and contribute generously to achieve common goals.
Keep it Simple
We create simple solutions by breaking complexities.
Take Ownership
We hold ourselves accountable for our words, actions and commitments.
Reflect & Reinvent
We continuously reflect, learn and change to improve.
Leadership
Our Leadership Team
Lawrence Chan
Group Chief
Executive Officer
Jocelyn Ang
Group Chief Corporate Services Officer
Desmond Goh
Managing Director
Bernard Chew
Group Chief Information Officer
Pamela Tan
Group Chief
Marketing Officer
Stephen Lee
Group Chief Risk and
Compliance Officer
Barry Fu
Group Chief Information Security Officer
Leow Yuen Fong
Group Head, Human Capital
Management
Daryl Teo
Group Head, Legal & Secretariat and Company Secretary
Saw Choo Tatt
Chief Executive Officer
NETS Solutions Pte Ltd
Ricky Lim
Chief Executive Officer
Banking Computer Services Pte Ltd
Jeremy Soo
Chairman
Sunny Quek
Director
Shee Tse Koon
Director
Eddie Khoo
Director
Melvyn Low
Director
Susan Hwee
Director
Lum Yin Fong
Independent Director
Tan Kah Chye
Independent Director
John Yong
Independent Director
Lawrence Chan
Executive Director
careers
Be part of the Fintech Revolution
We are seeking talents from diverse backgrounds who embrace change with a relentless drive to challenge norms as we embark on our next chapter of growth.
Join us as we revolutionise the payments industry for tomorrow.