New NETS Prepaid Card lets you limit your daily spending for easier budget management

Network for Electronic Transfers (NETS) launches its NETS Prepaid Card, the company’s first ‘smart’ stored-value card for retail and transit.  You can use the card at over 120,000 acceptance points, making NETS Prepaid Card the stored value card with the largest number of acceptance points locally.

The wide acceptance together with smart features enabled by NETS App, makes the NETS Prepaid Card an ideal choice when looking to better track and manage your household expenses, and the perfect gift card that can be tailored to your preferred value and design. 

You can also link their NETS Prepaid Card to TransitLink SimplyGo app, an initiative to introduce contactless payments on trains and buses through the partnership with various payment schemes, to see your trip details.

Smart, Secure, Contactless, Budget-Tracking

Up to 10 cards can be linked to one NETS account through the NETS App, to access features such as topping up on-the-go, locking and requesting refund for remaining stored value for misplaced cards, setting daily spending limits, and monitoring transactions made on each card.

You can easily top up your NETS Prepaid card via the NETS App through various means, which include NETS bank cards. Your preferred payment card can also be stored on-file to speed up the process. Once a NETS Prepaid Card has been linked to a NETS account, you can review the transaction history via NETS App and also configure auto top-up whenever the card balance dips below a certain amount.

Daily spending limits of up to S$1000 can be set for each card, which takes effect immediately and can be changed on the fly, making it an ideal stored value card to help family members and domestic helpers to pay digitally while ensuring that they stay within budget.

To help minimise possible fraud or abuse of the NETS Prepaid Card if it is misplaced, you can lock the card with the simple tap of a button on the NETS App. Locking and unlocking the card takes effect immediately and there is also an option to permanently terminate the NETS Prepaid Card to refund the stored value. 

Retail or Gift

The NETS Prepaid Card is also an excellent gifting card as you can spend at any NETS accepting merchants for shopping or for public transport. You are also not limited to fixed denominations in your gift cards and can top up auspicious numbers like $88, up to a cap of $100 per top-up.

Whether it be a nice cup of coffee at a café, some additional groceries at the supermarket, or a shopping spree at a nearby mall, the ubiquitous acceptance means that recipients of the NETS Prepaid gift card can spend it on their preferred options.

From S$5, you can also customise the card face of your NETS Prepaid Cards.

Public Transport Travel

Additionally, the NETS Prepaid Card can be used for public transport, allowing you to top up the card on-the-go instead of spending time queuing at physical top-up machines. The NETS Prepaid Card can also be topped up and managed via the NETS App, available on both Google Play and Apple App Store. Through the NETS App, you can also set up automatic top-ups for the card to ensure that there are always sufficient funds for your daily commute.

There is no minimum age or income requirement, no annual subscription fees and no credit checks for the purchase of the NETS Prepaid Card.

You can purchase the NETS Prepaid Card at 7-Eleven convenience stores, Buzz, Japan Home, Mustafa, Sir Handphone, TransitLink Ticket Offices at MRT stations and bus interchanges, NETS Customer Service Centre as well as Lazada and Shopee.

The card will also be sold at Cheers convenience stores, Sunshine Star and J.B.I Trading from December onwards.