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, […]