UnionPay International and NETS enter into strategic partnership with major NETSPay app upgrade
Singapore consumers can now use the NETSPay app to make e-payments when they travel overseas, thanks to a new partnership between Singapore’s leading payments solutions provider 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 make contactless payments using their near-field communication (NFC) enabled smartphones at close to 12 million UnionPay QuickPass contactless acceptance points without the need to use foreign currencies (cash) when travelling.
The enhanced NETSPay app also offers a number of new features. In addition to overseas payments, users can send money to or receive 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.
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 added that NETS is always looking for new ways to make cashless payments seamless for its users.
The enhanced NETSPay app is available for download from the Apple App Store and Google Play Store.