NETS (Singapore)
Country: Singapore (SG) | Payment Rail: debit_card
DebitCard
Market Adoption: 85%
NETS is Singapore's premier national debit card and e-payment network owned by DBS, OCBC, and UOB.
🔄 User Payment Flow
- Customer inserts NETS debit card or scans NETS QR at checkout
- Customer enters 6-digit PIN or authorizes via banking app
- Funds are directly debited from Singapore bank account in real-time
- Merchant receives instant payment authorization
⚙️ Characteristics & Settlement
| Instant Payment | YES |
| Supports QR | YES |
| Supports Recurring | NO |
| Supports Refund | YES |
🛠️ Merchant Integration Steps
- Merchant gateway connects to NETS acquiring network
- NETS authorizes pin/QR transaction with card issuing bank
- Real-time settlement webhook delivered to merchant
🚀 Supported Payment Gateways & Acquirers (PSPs)
🔌 2C2P