Tag Archives: Mobile Payment Apps

NETS launches NETS Prepaid Card

Network for Electronics Transfers (NETS), Singapore’s leading payment services group recently announced the launch of its NETS Prepaid Card. This is their first “smart” stored-value card for retail and transit. Customers can use this card at over 120,000 acceptance points, making NETS Prepaid Card the stored value card with the largest number of acceptance points locally.

A wide acceptance together with the smart features enabled by NETS App, that makes the NETS Prepaid Card an ideal choice for families looking to better track and manage their household expenses. They also make a perfect gift card that can be tailored to consumers’ preferred value and design. Commuters can also link their NETS Prepaid Card to TransitLink SimplyGo app, this is an initiative to introduce contactless payments on trains and buses through the partnership with various payment schemes, to view their trip details.

Smart and secure contactless payment, with budget tracking capabilities for the family

Customers can link up to 10 cards to one NETS account through the NETS App, they can 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.

Customers can also easily top up their NETS Prepaid card via the NETS App through various means, which include NETS bank cards. The user’s 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, customers can review the transaction history via NETS App and also configure auto top-up whenever the card balance dips below a certain amount.

Up to S$1,000 daily spending limits can be set for each card, which takes effect immediately and can be changed while on the move, making it an ideal stored value card to help family members and domestic helpers to pay digitally while ensuring that they stay within budget.

In an unfortunate event of the NETS Prepaid Card being misplaced, customers can lock the card with the simple tap of a button on the NETS App, this would help to minimise possible fraud or abuse of this card. Locking and unlocking the card takes effect immediately, there is also an option to permanently terminate the NETS Prepaid Card to refund the stored value.

Lawrence Chan, Group CEO of NETS said, “The NETS Prepaid Card is part of our continued effort to connect communities and empower lives. Families will be empowered to take control of daily expenses as they can provide their dependents and domestic helper with contactless payment options that can be easily tracked. Additionally, this card can be quickly disabled if it is lost. This card is most valuable as it can be used at all NETS acceptance points and mass transit.”

The perfect gift card for family and friends and for retail 

The NETS Prepaid Card is the perfect gift card for family and friends, and for retail shopping too. Customers can spend at any NETS accepting merchants for shopping or for public transport. Customers are also not limited to fixed denominations in their gift cards and they can top up auspicious numbers such as $88, up to a cap of $100 per top-up.

Whether you are buying a nice cup of coffee at a cafe, getting some additional groceries at the supermarket, or a shopping spree at a nearby mall, the universal acceptance of this card means that recipients of the NETS Prepaid gift card can spend it on their preferred options. From S$5, customers can also customise the card face of the their NETS Prepaid Cards at www.customcards.com.sg/nets-prepaid-card/

Hassle-free purchase, smooth public transport travel

Commuters with the NETS Prepaid Card can used it for public transport, allowing them to top up the card on-the-move 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 Apple App Store and Google Play. Through the NETS App, customers can also set up automatic top-ups for the card to ensure that there are always sufficient funds for their daily commute.

Owning a NETS Prepaid Card is simple and easy, there is no minimum age or income requirement, there are no annual subscription fees, no credit checks for the purchase of the NETS Prepaid Card. Consumers can purchase the NETS Prepaid Card t 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 alos be sold at Sunshine Star and J.B.I Trading from December onwards.

* Information and picture courtesy of NETS and Gloo *

PayKey at CommunicAsia 2019

I would like to ask a few questions, how many bank apps do you have in your smartphone? Do you have other mobile wallet payment apps as well? Do you feel that at times, even though you have those apps, they sometimes don’t “talk” to each other that well? After I met PayKey at CommunicAsia 2019, had a chat with them and learned more about PayKey’s Social Telco Solution ™, I reckon that PayKey is going to change the way we access and use financial services.

With our world today being heavily connected by smartphones and social media, there are a lot of time and activities being done on our smartphones, while on the move, at work or during our leisure time. Performing payments, banking activities are getting more common on our smartphones. The frustration for some of us would be, there might be too many mobile payment wallets used by different people, it can be a hassle and frustration when paying/transferring money from you to another person.

PayKey is the Social Telco Solution that comes into play, they fits into companies existing framework, they are not another app. They can help banks, telecommunications and e-wallets with their customer satisfaction and engagement, giving users to access key financial services on their smartphone from any app. PayKey transforms the smartphone keyboard into a new channel for financial services and communication through the various social media applications available in the market.

I was given a demonstration by PayKey at CommunicAsia 2019, on using PayKey from social media apps, making a payment to another person, without even having to open the bank’s app. Check out PayKey’s video on how their Social Telco Solution works – PayKey’s Telco Solution – As unveiled in MWC! We also had a good and interesting chat on the mobile payment space around the world, the current trends and future opportunities especially in serving those that do no have access to banking services and facilities.

PayKey’s Telco Solution – As unveiled in MWC!

PayKey’s telco solution – as unveiled in MWC! from PayKey on Vimeo.

PayKey has a number of big international banks on board, when you visit their website, you are able to view their customers on board. In Singapore, UOB is currently implementing the PayKey Social Telco Solution, in my chat with the folks from PayKey at CommunicAsia 2019, I got to learn more about their expansion progress in Singapore and I hope that their PayKey Social Telco Solution would come on board to the other banks and telecommunications companies in Singapore, in the near future!

Check out the UOB MyKey Commercial below

PayKey Customer: UOB MyKey Commercial from PayKey on Vimeo.

Many and more changes are coming to the e-wallet, financial services space, along with the upcoming rise of digital banks around the world. Telecommunications and other technology firms are coming into play in this financial services and payment gateway services. PayKey, a Social Telco Solution, might just be the solution for the different (old and new) financial services players around the world to “communicate” and “transact” with each other without any hassles, giving consumers and companies a peace of mind, trust, confidence and accessibility when dealing with payments and financial services.

Check out The PayKey Story below

The PayKey Story from PayKey on Vimeo.

For more information on PayKey, check them out below

Website: https://paykey.com/

Facebook Page: https://www.facebook.com/getPayKey/

Twitter: https://twitter.com/getPayKey

LinkedIN: https://www.linkedin.com/company/paykey/