Singapore consumers can now use the NETSPay app to make e-payments when they travel overseas, said a press statement by payments solutions provider NETS on September 11, 2018.
This is due to a new partnership between NETS and global payment network UnionPay.
The enhanced NETSPay app comes with a new wallet feature that enables consumers to scan and pay for purchases at over 7.5 million UnionPay QR code merchants globally.
They can also use their near-field communication (NFC) enabled smartphones at close to 12 million UnionPay QuickPass contactless acceptance points to make contactless payments.
Other new features of the app include sending money to or receiving money from other NETSPay users via mobile numbers or QR code. In addition, those looking to send gifts to family or friends can send e-angbaos (or electronic red packets) to their loved ones using the app. This is in addition to QR code payments in Singapore, including SG QR.
"Enabling of NETSPay acceptance at UnionPay QR code merchants and UnionPay QuickPass contactless acceptance points around the world will allow local NETS users to make QR code and contactless payments when they travel overseas," said Wenhui Yang, General Manager for UnionPay International South East Asia.
Key destinations include Australia, China, Hong Kong, Japan, Malaysia, South Korea and Thailand.
The partnership comes on the heels of a recent survey that ranked NETSPay as one of the top 3 most frequently used mobile wallet apps in Singapore.
NETS Group CEO Jeffrey Goh said that NETS is always looking for new ways to make cashless payments seamless for its users. He shared, “Working with a leading global partner such as UnionPay is part of our efforts to make NETS services seamless for our Singapore consumers. Now whether you’re shopping in Shanghai or paying for your chicken rice at your favourite hawker stall in Singapore, all you need is NETSPay.”
The enhanced NETSPay app is available for download from the Apple App Store and Google Play Store.