NETSPay App gets a global upgrade from UnionPay International partnership
Singapore users of the NETSPay app will now have more uses for their app, outside of Singapore.
NETS has tied up with UnionPay International to create an enhanced NETSPay app with a wallet feature. This wallet feature allows users to make payment at the 7.5 million UnionPay QR code merchants located globally.
At the same time, NETSPay users will also be able to use their near-field communication (NFC) enabled smartphones to make payments at the 12 million UnionPay QuickPass contactless acceptance points while travelling in countries like Australia, China, Hong Kong, Japan, Malaysia, South Korea and Thailand, without the use of foreign currency.
UnionPay International is the international business unit of UnionPay, a global payment network. The NETS Group is Singapore’s leading payment services group, which manages and operates the clearing and payment infrastructure for the Singapore Clearing House Association, as well as the core electronic transfer services FAST, Inter-bank GIRO and PayNow.
The strategic partnership between the two companies belies their commitment to finding innovative solutions to improve the payment experience for both local customers and businesses alike.
The enhanced app has other new exciting features, including sending and receiving money using QR codes or mobile numbers, and sending electronic red packets. It can also be used for QR code payments in Singapore, including SG QR.
NETSPay was recently named one of the top 3 most frequently used mobile wallet apps in Singapore, in J.D. Power’s 2018 Singapore Retail Banking Satisfaction Study.
The enhanced NETSPay app can be downloaded from both the Apple App Store and Google Play Store.