NETS enable electronic payments for financial institutions, merchants & consumers.

It 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 the acquirer of the service.

NETS is owned by Singapore’s largest banks, DBS Bank, OCBC Bank and United Overseas Bank (UOB).

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