While the push for adopting e-payments among SME merchants in Singapore has been largely successful – with at least 10,000 hawkers to date accepting e-payments since November 2019 – adoption among non-hawkers has remained slow. Hence, to encourage e-payment adoptions, simplyNETS was launched to provide micro business owners an alternative cashless payment solution with an easy-to-use system. Lawrence Chan, Group Chief Executive Officer, Network for Electronic Transfers (NETS) shares about the benefits of their system, the cost of implementation, and fraud concerns. 

<p>While the push for adopting e-payments among SME merchants in Singapore has been largely successful &ndash; with at least 10,000 hawkers to date accepting e-payments since November 2019 &ndash; adoption among non-hawkers has remained slow. Hence, to encourage e-payment adoptions, simplyNETS was launched to provide micro business owners an alternative cashless payment solution with an easy-to-use system. <strong>Lawrence Chan, Group Chief Executive Officer, Network for Electronic Transfers (NETS)</strong> shares about the benefits of their system, the cost of implementation, and fraud concerns.&nbsp;</p>

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