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Recent Blogs

January 19, 2018
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SpherePay introduces ‘Buy Now Pay Later’ feature to its cashless payment solution

SpherePay introduces ‘Buy Now Pay Later’ feature to its cashless payment solution   Local mobile payment app, SpherePay, is the first and only mobile payment app in Singapore to introduce an Advanced Credit function. It is a buy-now-pay-later payment scheme, allowing users to make purchases at any of SpherePay’s merchants, then repay within 30 to 45 days. This is not a new concept to Singaporeans, as it is what traditional credit cards and installment payments offer. However, SpherePay is staying ahead of the competition by bringing this concept to a mobile payment app. Payment easily becomes both cashless and cardless. […]
January 17, 2018

FOMO Pay wins the Singapore Preliminary Open Innovation Contest 7.0 by NTT DATA

FOMO Pay wins the Singapore Preliminary Open Innovation Contest 7.0 by NTT DATA NTT DATA awards FOMO Pay as the Singapore winner of the Open Innovation Contest 7.0 NTT DATA, a leading IT services provider and global innovation partner, launched its 7th Open Innovation Contest in search of forming mutually beneficial business alliance among startups, NTT DATA group and its clients. The company has been organizing open innovation contests twice a year since 2014. This edition zooms in on high-tech startups in the field of FinTech, IoT, energy, insurance tech, healthcare tech, BPM, Digital Archives, big data, digital marketing, blockchain, […]
January 10, 2018

Students at NTU can now make cashless payments using new multi-use Smart Pass

Students at NTU can now make cashless payments using new multi-use Smart Pass NTU’s new president, Professor Subra Suresh, launched the Smart Pass at his first university town-hall meeting with staff and faculty members. (Photo Credit: NTU) Nanyang Technological University (NTU) launched a new multi-use Smart Pass for its 40,000 students and staff members, as part of NTU’s Smart Campus initiative to become Singapore’s largest Smart Campus. This is also in line with Singapore’s drive towards becoming a Smart Nation. The NTU Smart Pass is embedded with a contactless identity chip and has a NETS FlashPay function, as part of a […]
December 27, 2017
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How is NETS QR different from SG QR?

How is NETS QR different from SG QR? 1) Who initiated NETS QR and SG QR? NETS QR was launched by Singapore’s leading payment services provider, NETS. On the other hand, the Singapore Quick Response Code (SG QR) is developed by an industry taskforce co-led by the Monetary Authority of Singapore (MAS) and Infocomm Media Development Authority. The taskforce also involves other government agencies such as the Housing Development Board (HDB), National Environment Agency (NEA), and Spring Singapore, payment providers such as Alipay Singapore E-Commerce, Tencent Holdings Limited (WeChat), NETS, and EZ-link, industry partners such as Singtel, Union Pay International, […]
December 25, 2017
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How is NETSPay different from other mobile wallets in the market?

How is NETSPay different from other mobile wallets in the market? Singapore is on her way to becoming a cashless society. Highlighted as one of the key themes of Prime Minister Lee Hsien Loong’s speech in this year’s National Day Rally Speech, government agencies, major banks and payment service providers in Singapore are shaping up to offer cashless options for consumers and merchants here. In the recent years, mobile payments have taken Singapore by storm. With a high mobile phone penetration rate and literacy rate, it is not surprising that Singaporeans are quick to pick up mobile payment options. Popular […]
December 21, 2017
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eNETS 2.0 Available for Online Businesses in Singapore

eNETS 2.0 Available for Online Businesses in Singapore NETS 2.0 aims to digitize the consumer payment experience in Singapore. Announced in 2015, NETS has taken several initiatives to work towards that goal. NETSPay In October, Singapore’s leading payment services provider NETS launched its new digital wallet, NETSPay, allowing users to pay for goods and services using the app instead of their NETS card. Payment through NETSPay is simple – users simply need to scan the NETS QR code using the app, or scan their phones on NETS terminals. The payment will be debit directly from a linked bank account, and […]