NETS has collaborated with Singtel to accelerate the development and delivery of NETS digital cross-border payment services.
This partnership will enable NETS to accelerate its expansion by making available its suite of digital payment services across Southeast Asia. It will help Singaporeans to make purchases at more retail outlets abroad in the region using NETS while foreign visitors will be able to make payments to NETS’ merchants in Singapore using overseas e-wallets and services.
Leveraging Singtel’s advanced network infrastructure and AWS cloud services like database, containers, serverless storage and security, NETS will be able to provide quick and localized connectivity for potential partners to access its cross-border payment services.
NETS Group CEO, Mr Lawrence Chan said, “We are very excited to embark on this collaboration with Singtel through which NETS will be well-positioned to facilitate cross-border commerce by integrating ASEAN+ travel corridors whilst making payments simple and easy for consumers. The initiative will spur cross-border digital payment growth for overseas payments partners particularly micro merchants, and help them leverage this to expand their market beyond domestic borders.”
“Furthermore, NETS merchants in Singapore will be able to accept selected overseas partner wallets from visitors in the region, and benefit from operational cost efficiencies by connecting to a broader range of payment partners to provide a better experience for their customers,” Mr Chan added.
“Enterprises looking to accelerate their digital transformation need a robust and secure network and cloud infrastructure in order to go to market faster and roll out a differentiated customer experience. We are excited to support the regional expansion of NETS with our extensive infrastructure. Our ConnectPlus Managed Network that will enable NETS to dynamically allocate enterprise resources across multiple locations, optimising network performance and operational efficiency to offer secure, swift and reliable cross-border financial transactions,” said Mr Lim Seng Kong, Managing Director, Singtel Enterprise Business, Group Enterprise at Singtel.
“Financial services organisations like NETS are turning to AWS for the most comprehensive set of cloud services, most secure and reliable infrastructure, greatest scale, and highest availability, allowing them to deliver new digital services and provide their customers with a transformed payments experience,” said Mr Conor McNamara, Managing Director of ASEAN at AWS. “NETS has been a leading payment services company for over 30 years. We look forward to collaborating with them to innovate new services faster, maintain operational excellence, and provide secure and seamless payment services to customers around Southeast Asia.”
