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The NETS Group is the region’s leading payments services group, processing some S$1 trillion in transaction value through its systems every year. Its suite of services include direct debit, credit, QR code and mobile payments at point-of-sale and online, card services, electronic funds transfers and cheque processing services.
With more than 105,000 acceptance points in the country, the Group operates Singapore’s largest payments network enabling customers of DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and UOB to make payments using their bank cards or mobile devices at its terminals. NETS is also the issuer of CashCard and Flashpay cards.
It is the market leader for payment and clearing solutions, operating the Real-Time Gross Settlement system, Cheque Truncation System, and funds transfer services FAST, GIRO and PayNow. It also manages and operates the clearing and payment infrastructure for the Singapore Automated Clearing House.
NETS is a member of the Asian Payment Network and a council member of UnionPay International.
With more than 105,000 acceptance points in the country, the Group operates Singapore’s largest payments network enabling customers of DBS Bank/POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and UOB to make payments using their bank cards or mobile devices at its terminals. NETS is also the issuer of CashCard and Flashpay cards.
It is the market leader for payment and clearing solutions, operating the Real-Time Gross Settlement system, Cheque Truncation System, and funds transfer services FAST, GIRO and PayNow. It also manages and operates the clearing and payment infrastructure for the Singapore Automated Clearing House.
NETS is a member of the Asian Payment Network and a council member of UnionPay International.
Overview
Location
Singapore
Employees
501-1000
Founded date
1985
Mentions in press and media 30
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Jun 15, 2026 | Singapore running pilot for ERP 2 location-based charging | Listen 9 min New: You can now listen to articles. This audio is generated by an AI tool. SINGAPORE: An alert that an Electronic Road Pricing (ERP) area is ahead pops up on the car’s on-board unit (OBU) display. But there is no gantry, and a... |
| Mar 27, 2026 | UnionPay's Voice at Boao: Exploring Diverse Pathways to Grow the Cross-Border Payment Ecosystem | HAIKOU, China, March 27, 2026 /PRNewswire/ -- The Boao Forum for Asia (BFA) Annual Conference 2026 was held from March 24 to 27 in Boao, Hainan. Dong Junfeng, Chairman of China UnionPay, attended the conference and spoke as a panelist about... |
| Mar 16, 2026 | Singtel restores mobile service after outage, says no evidence disruption was 'cyber-related' event | Listen 4 min New: You can now listen to articles. This audio is generated by an AI tool. SINGAPORE: Singtel said on Monday (Mar 16) evening that it had fully restored mobile services that went down that morning, following a delay caused by ... |
| Mar 4, 2026 | Ultimate guide to Seventeen in Singapore: Merch pop-up, light-ups, food and concert survival tips | Listen 10 min New: You can now listen to articles. This audio is generated by an AI tool. Carats, the "Maestros" are finally returning to Singapore! Seventeen is taking the stage at the National Stadium on Saturday (Mar 7) for the... |
| Jan 7, 2026 | Influential Brands® unveils the 2026 Gala Event honouring Asia's finest in business excellence | SINGAPORE, Jan. 7, 2026 /PRNewswire/ -- Influential Brands® proudly announces its upcoming 2026 Gala Event and Award Ceremony, set to take place on 6th April at the Fullerton Hotel. Marking its 14th year of honouring business leadership, th... |
| Nov 11, 2025 | Singapore Pools absorbs transaction fees for electronic payments | New: You can now listen to articles. This audio is generated by an AI tool. SINGAPORE: Singapore Pools will absorb transaction fees for electronic payment options, such as NETS and PayNow, from Tuesday (Nov 11). The decision follows its rev... |
| Oct 21, 2025 | ASEAN Signs MoU To Unify Instant Payments | Six national payment networks from five Association of Southeast Asian Nations (ASEAN) countries have signed a memorandum of understanding to form a common standards body for non-card instant retail payments, aiming to make cross-border tra... |
| Oct 6, 2025 | A 'one-cent two-cent' business: 40 years on, can payment provider NETS hold on to customers spoilt for choice? | Listen 6 min New: You can now listen to articles. This audio is generated by an AI tool. SINGAPORE: In a time of credit card points, flashy new digital banks, trends like "buy now, pay later" and even Big Tech wanting a slice of t... |
| Sep 10, 2025 | Parents with 3 or more young children to get S$1,000 LifeSG credits from Sep 10 | Listen 4 min New: You can now listen to articles. This audio is generated by an AI tool. SINGAPORE: Parents with three or more young children will receive S$1,000 (US$778) in LifeSG credits from Wednesday (Sep 10), as part of Singapore's ef... |
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FAQ about NETS
When was NETS founded?
NETS was founded in 1985.
What has the press written about NETS?
Parsers VC has collected 30 articles mentioning NETS, among them “Singapore running pilot for ERP 2 location-based charging” (Jun 15, 2026) and “UnionPay's Voice at Boao: Exploring Diverse Pathways to Grow the Cross-Border Payment Ecosystem” (Mar 27, 2026).
Is NETS still active?
Yes, NETS is active; its latest activity on Parsers VC dates from Aug 22, 2026.