PolyFintech 100

Hackathon Briefing

5 April 2019

About NETS Group

2

Region’s leading

payments group

Process >S$1 trillion in transaction value annually

Market leader for

payment & clearing solutions

RTGS, CTS, GIRO, FAST, PayNow

Largest payment

network in Singapore

Designated national payment system by the

MAS

Jointly owned by DBS Bank, OCBC Bank &

UOB

Singapore’s largest banks

Founding member of APN

What We Do

3

Driving e-payments anytime, anywhere

• Largest payments network in Singapore

accepting debit, credit, stored value, QR

& mobile payments

• > 70% coverage island-wide;

acceptance points include department

stores, large retailers, grocers, F&B,

hawkers, pop-up stalls

• Online payments

Power the transportation segment

• CashCard the de facto payments card

for car park & ERP charges

• NETS FlashPay for public transportation

Electronic funds transfer services

• GIRO, FAST, PayNow

• Real-Time Gross Settlement System,

Cheque Truncation System

NETS Group Milestones

4

• GIRO adopted

• NETS established to enable debitpayments

• NETS EFTPOS launched

• Local & regional switching services

• NETS CashCardlaunched

• eNETSlaunched

1984 1985 1986 1988 1996 2001

2019 2018 2017 2015 2014 2009

• NETS Contactless cards

• NETS appointed masteracquirer

• SGQR launch

• PayNow• NETS QR• NETSPay

• NETS vCashCardlaunched

• FAST launched

• NETS FlashPaylaunched

NETS Confidential 5

Play NETS is Digital Video

Implementations of Online NETS QR

Dine in restaurants Pop up stores

Mobile applicationsOnline shops

Kiosks

And more

Payment upon Delivery

Pay at Table

• Popular restaurant chain in Hong Kong,

now comes to Singapore.

• Improves efficiency and cut down

queue at cashier by allowing consumers

to pay@table after their meal

Tsui Wah

Successful implementation of Online

Ordering & Payment

Play Tsui Wah Video

10

Easy Login

Simply scan the storeQR to login

Easy Payment

Collection

Pop-up and voice notifications when payment is successful

Ability to generate QR dynamically, on-the-go

Real-Time

Notification

Pop up store & Payment upon Delivery

The Problem

Statements for this

Hackathon

Driving Towards a Cashless Society

How would you drive more people to adopt the habit of cashless payment?

What would encourage merchants to promote & accept more digital payment?

THANK YOU