Recent Blogs
January 31, 2018
Rising popularity of QR code based payments in South-East Asia In a digital world where transactions can be readily inspected by consumers, it has become very easy to compare the different surcharges that are being applied on one’s purchases. While surcharges via e-payment modes typically comprise of a small percentage of the total transaction, they can potentially add up to a significant amount over time. Generally speaking, e-payment modes can be divided into two broad categories – use of credit cards and QR code payments, such as Grabpay or NETS QR. Recently, Singapore Airlines (SIA) made the decision to introduce […]
January 22, 2018
QR Code payment is gaining popularity in Southeast Asia The QR Code (Quick Response Code) was invented by Denso Wave in 1994 to track vehicles during the manufacturing cycle. However, with its ease of use and fast readability, led to widespread interest and uses, ranging from mobile operating systems to video games. While QR codes are widely used by Japanese companies, they only achieved ubiquitous status through China payment behemoths, Alipay and WeChat Pay. The convenience and privacy of QR codes makes QR code mobile system easily adoptable unlike Apply Pay, Android Pay or Samsung Pay, as QR code payment […]
January 19, 2018
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 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 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
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 […]