Recent Blogs

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 […]
January 3, 2018
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Will NETS succeed in unifying QR code payment in Singapore?

Will NETS succeed in unifying QR code payment in Singapore? If you have been around shopping centres recently, it is highly probable that you would have noticed that retailers currently offer a plethora of payment methods. Gone are the days when the retailers’ display glass panels would feature just one or two payment stickers, usually bearing the logos of Mastercard or Visa. Following the wild successes of WeChat Pay and Alipay in China, many fintech companies offering mobile payments have sprung up in their wake, offering retailers a wide variety of payment options. In Singapore, these include Grab Pay and […]
January 1, 2018
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VISA wishes to enable Singapore’s transformation into a cashless society

VISA wishes to enable Singapore’s transformation into a cashless society The brand VISA requires no introduction. For the past few decades, it has dominated the global payments industry along with Mastercard. As the saying goes however, change is the only constant. Fintech companies like WeChat Pay and Alipay have demonstrated that card options are obsolete in the face of the smartphone revolution. As any successful company that has withstood the test of time, Visa has also shown its willingness to keep up with external changes by adapting its products for its customers. Earlier this year, Visa announced mVisa, a QR […]
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 […]