NETS Instant Payments
Deliver better value and
greater business agility
Deliver better value and greater business agility
Create better value for your financial institution participants by processing secure high volume transactions in seconds, with NETS Instant Payments’ state-of-art and high-availability technologies.
Singapore’s first real-time fund transfer system gives banks real-time advantage with the capability to create new revenue streams in electronic and mobile commerce transactions, increase brand awareness and enhance existing products.
About
What is NETS Instant Payments?
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Benefits
Why NETS Instant Payments?
High-speed, robust transaction handling
NETS Instant Payments is a high-volume, high-speed real-time electronic funds transfer system that can operate 24/7, every day of the year. It paves the way for banks to receive funds quickly for bill payments, online purchases, remittances, and personal payments − payment types that cannot be realised by multiple batch processing.
Fastest round trip end-to-end payment transaction in the world
As the fastest end-to-end system and the first in the world with ISO 20022 certification for real-time direct debit, NETS Instant Payments offers precision and security for all transfers, providing immediate confirmation within 15 seconds.
Global links
NETS Instant Payments is the foundation for multi-currency cross-border money transfers, reducing costs associated with cheque and cash payments, and enhancing STP (straight-through processing) and reducing reconciliation errors.
Meeting all needs
Businesses are better equipped to provide payment transaction services to unserved or under-served communities. Our solution can cover areas where physical banking infrastructures are not viable and provides options that were previously not available due to existing inherent limitations.
Smooth connectivity with the world’s first real-time direct debit platform on ISO 20022
Comprehensive support for inter-bank credit transfers and direct debits
Minimise bank credit risks
Supports multiple settlement cycles
High-speed, robust transaction handling
NETS Instant Payments is a high-volume, high-speed real-time electronic funds transfer system that can operate 24/7, every day of the year. It paves the way for banks to receive funds quickly for bill payments, online purchases, remittances, and personal payments − payment types that cannot be realised by multiple batch processing.
Fastest round trip end-to-end payment transaction in the world
As the fastest end-to-end system and the first in the world with ISO 20022 certification for real-time direct debit, NETS Instant Payments offers precision and security for all transfers, providing immediate confirmation within 15 seconds.
Global links
NETS Instant Payments is the foundation for multi-currency cross-border money transfers, reducing costs associated with cheque and cash payments, and enhancing STP (straight-through processing) and reducing reconciliation errors.
Meeting all needs
Businesses are better equipped to provide payment transaction services to unserved or under-served communities. Our solution can cover areas where physical banking infrastructures are not viable and provides options that were previously not available due to existing inherent limitations.
