Network for Electronic Transfers (NETS) is Singapore's national electronic payment processing system. It processes payments from NETS debit cards and EFTPOS terminals, and has over 35,000 terminals and 15,000 merchants. NETS provides point of sale, funds transfer, ATM withdrawal, stored value payments, online payments and mobile payments services. It was founded in 1985 and introduced Singapore's first national debit network. Today NETS is the largest merchant acquirer in Singapore and offers multiple payment services including NETS FlashPay cards, eNETS online payments, and processing transactions for OCBC and UOB banks.

1. NETWORK FOR ELECTRONIC
TRANSFERS
CHAIRMAN- SUSAN HWEE

2.  NETS IS WHAT HAPPENS BETWEEN BOUGHT AND PAID
 IT PROCESSES ELECTRONIC PAYMENTS FOR EFTPOS
 NETS HAVE 35000 TERMINALS AND MORE THEN 15000 MERCHANTS
 IT IS A SINGLE TERMINAL SOLOUTIONS THAT SUPPORTS MULTIPLE
PAYMENT OPTIONS
 NETS DEBIT WAS THE FIRST NATIONAL ONLINE DEBIT SYSTEM IN
SINGAPORE AND THE MOST SUCCESSFUL WORLDWIDE
 THEY PROVIDE SERVICES LIKE POINT- OF –SALE ELECTRONICS
FUNDS TRANSFER, CASH, WITHDRAWAL SERVICES THROUGH THE
ATM NETWORK STORED VALUE PAYMENTS, ONLINE PAYMENTS AND
MOBILE PAYMENTS

3.  NETS (Network For Electronic Transfers (Singapore) was
founded in 1985 to establish Singapore’s national PIN Debit
scheme, NETS EFTPOS (Electronic Funds Transfer at
Point-of-Sale), propelling Singapore into the age of
electronic payments. NETS is the scheme operator,
processor and acquirer of the service.
 Today, NETS offers multiple payment and financial
processing services and is the largest merchant acquirer in
Singapore. NETS is an issuer of two stored value cards –
the NETS CashCard and NETS FlashPay card – and also
processes Internet/Mobile payments via direct debit or credit
card, through its eNETS service.

4. Building a Cashless Society
Shared ATM
network,
1988
NETS Debit,
1986
inets SERVICE AND
2010 PORTABILITY
NETS
CashCard,
1997
eNETS, 2001
NETS
FlashPay,
2009

5. NETS Debit
• Process more than
90% of Singapore’s
online debit
transactions
• 16,000 merchants over
30,000 outlets with
60,000 NETS
acceptance points
Micropayments
• Stored value e-purse
scheme
• 1st generation NETS
CashCard
• CEPAS-compliant
NETS FlashPay Card
(contactless)
Multi-Channel
• Multi-channel payment
infrastructure enabling
users to make financial
transactions online, using
their mobile phones or via
our self-service kiosks

6. eNETS
• Enables payment from all
major International credit
cards, as online direct
debit (internet banking
payments) from the largest
banks in Singapore and
China.
• 700,000 in transaction
volume per month
Switching
• Switch shared
transactions for OCBC
& UOB
• Process own EFTPOS,
iNETS, eNETS, CUP,
Stored Value Card
transactions
Card Centre
• Partner with banks to
provide card
personalisation services
• 1st card centre to be
awarded ISO certification
• Certified by VISA,
MasterCard & AMEX for
card personalisation

7. PRODUCT CONCEPT
 CORE PRODUCT - CARD THROUGH TRANSACTION
CAN BE MADE
 BASIC PRODUCT – DAILY TRANSACTIONS
 EXPECTED PRODUCTS – SECURE TRANSACTIONS
 AUGMENTED PRODUCTS – TRANSACTIONS IN THE
FOREIGN COUNTRY
 POTENTIAL PRODUCTS – ALL COMBINED TOGETHER

8. Where it
Where it can
can
be used be
used
Retail
MRT/LRT &
Public
Buses
ERP
Car Park
CashCash
Card
Card
√
Flash Pay Card Pay Card
Flash
√
At retail point with this logo
Not
available
√
√
√
With next Generation In-Vehicle Unit(IU)
√
√
Car parks that have been upgraded to
accept CEPAS-compliant cards

9. PRODUCT
PROCESSING
GATEWAY
KIOSK CENTERS AND
ADVERTISEMENTS
PROMOTION
MERCHANTS
RETAIL
OUTLETS
MARKETNG
MIX
PRICE
COST OF
OPENING
AN
ACCOUNT
PLACE

10. CUSTOMER SEGMENTATIONS
Nets delivers turn-key solutions for sectors and individual
businesses
 BANKING SECTOR
 MERCHANTS BUSINESS
 PUBLIC SECTOR
NETS’ BUSINESS AREAS
 PAYMENT AND INFORMATION SERVICES
 e-SECURITY
 MERCHANT SOLUTIONS

11. STRATEGIES OF INTRODUCING NETS IN INDIA

TARGETING THE BANKS AND MERCHANTS

LAUNCHING CASH CARDS

AFTER A YEAR LAUNCHING FLASH CARD THROUGH CAR
MANUFACTURER AND PETROL PUMPS
 TARGETING THE YOUTHS SEGMENTS

TARGETING THE INSTUTUTES AND CORPORATES

12. THANK YOU
BY
RUPESH SURADKAR
AVRIL RODRIGUES
MARY DIVYA
SURAJ CHUTE
ROHAN TARKARI
DHEERAJ BHAVE