Network for Electronic Transfers (NETS)

Banking & finance

NETS to pilot loan solutions with local banks to help SME merchants expand their businesses

The solutions aim to provide flexible repayment plans and quick loan application approvals to support these small business owners.

New appointments

NETS appoints OCBC's Sunny Quek and Melvyn Low to board of directors

Quek is OCBC’s head of consumer financial services, while Low is OCBC’s head of global transaction banking.
NETS to integrate Alipay+ by early 2022 - THE EDGE SINGAPORE

Singapore FinTech Festival 2021

NETS to integrate Alipay+ by early 2022

NETS will be able to facilitate transactions between local businesses and global consumers visiting Singapore.
NETS appoints former chairman of ICC Banking Commission as independent director - THE EDGE SINGAPORE

New appointments

NETS appoints former chairman of ICC Banking Commission as independent director

NETS has appointed Tan Kah Chye as an independent director of the board with effect from June 25.
NETS appoints industry veteran Ricky Lim as CEO of wholly-owned subsidiary, Banking Computer Services - THE EDGE SINGAPORE

New appointments

NETS appoints industry veteran Ricky Lim as CEO of wholly-owned subsidiary, Banking Computer Services

BCS manages and operates clearing and payment infrastructure for the Singapore Automated Clearing House, including FAST.
Boustead Projects secures 4 new key tenants in Singapore including NETS and Razer - THE EDGE SINGAPORE

Company in the news

Boustead Projects secures 4 new key tenants in Singapore including NETS and Shopee

The new leases are collectively expected to have a “positive material impact” on the group for FY2021.

Disruption and Digitalisation

NETS and Singtel to provide more cross-border digital payment opportunities in Southeast Asia

This means Singaporeans will soon be able to make purchases using NETS at more retail outlets abroad in Southeast Asia while foreign visitors will be able to use their overseas e-wallets and services to pay NETS's merchants in Singapore.
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