Network for Electronic Transfers (NETS) is Singapore’s most...

• Network for Electronic Transfers (NETS) is Singapore’s most widely used electronic payment option, scheme operator, processor and acquirer, processing S$23 billion in transactions annually
• NETS is owned by Singapore’s largest banks, DBS Bank, Oversea-Chinese Banking Corporation Bank (OCBC) and United Overseas Bank (UOB) and is designated as a national payment system by the Monetary Authority of Singapore
• The five year agreement (with five year renewal option) will see Mint deliver Singapore’s first NETS branded unified mPOS that enables merchants to accept both NETS & credit/debit card payments
• Partnering with NETS as a transaction switching provider will allow Mint to provide its entire suite of omni-channel payments solution to its channel partners such as MYOB Asia and to any financial institutions or enterprise merchants in Singapore

Great partnership and opens the gates for Asia business, MNW have been getting some really good contracts and i expect to see a lot more of them this year.