The need for carrying cash has been taken away by debit and credit cards years ago. Digital wallets and contactless cards have become the newest and most accepted payment methods in the new normal. Is the future payment cashless? The rolling out of a unified cashless payment system at hawker stalls in Singapore is a step towards contactless payments.
Mobile wallets offer a smooth shopping experience when it comes to paying using multiple options. NETSPay is one of the leading mobile applications that enables you to make quick payments on your mobile phone by typing in your PIN (Personal identification number).
What is NETSPay?
Network for Electronic Transfers, NETS for short, is an electronic payment service provider in Singapore. It was launched in 1985 to facilitate electronic or contactless payments in Singapore. A mobile application, NETSPay helps you make payments digitally through DBS/POSB NETS cards. All you need to do is to register your DBS/POSB ATM cards on the NETSPay app and pay smartly by scanning a QR code or tapping at a checkout terminal.
Get to know the benefits of using the NETSPay
You can find NETSPay widely accepted by merchants across Singapore. Here are some key reasons why DBS POSB NETSPay is popular among mobile phone users.
An instant payment method
To make a quick cashless payment, you need to download the NETSPay app on your mobile phone, register for digital payments, and add your POSB/DBS ATM card to it. Once you have successfully added your POSB/DBS debit and credit cards, you can pay by scanning the QR code at the cash counter or tapping on the point-of-sale (POS) terminal. NETSPay makes it convenient to:
Pay at retail outlets
You can easily scan the QR code printed and placed at the cashier’s counter or available on the receipt or terminal screen to make a payment.
Tap to pay
You can pay by tapping on the terminal using an NFC-enabled mobile phone.
Pay online on the eCommerce site
By just scanning the QR code available on the checkout page, you can pay for your online shopping. There is no need to enter your credit or debit card details.
You don’t have to worry about not carrying enough cash or your wallet when shopping or travelling. With your POSB/DBS credit or debit cards on the NETSPay app, you can pay securely. You just need your mobile phone to make the payment.
Payment transactions on NETSPay are highly secured, for you don’t have to enter your card details. Instead, you use tokens. Moreover, you have to undergo a passcode or fingerprint authorization before making the payment.
There are over a hundred thousand NETS acceptance points that you need to look for in NETS contactless and NETS QR icons for paying instantly.
How to set up NETSPay?
You can use this instant digital payment service by following these steps:
- Download and install the NETSPay app from the App Store or Google PlayStore on your mobile phone
- Register your details by following the instructions given
- Add POSB/DBS ATM cards
Now you are all set to have a seamless shopping experience making hassle-free payments.
To conclude, NETSPay helps you make more secure, easier, and quicker payments using POSB/DBS ATM cards on a mobile phone.