Network for Electronic Transfers
The Network for Electronic Transfers (Singapore) Pte Ltd (Abbreviation: NETS; Chinese:电子付款私人有限公司) NETS was founded in 1985 to establish Singapore’s national PIN Debit scheme, NETS EFTPOS (Electronic Funds Transfer at Point-of-Sale), propelling Singapore into the age of electronic payments. NETS is the scheme operator, processor and acquirer of the service.