Lawrence Chan, Network for Electronic Transfers (NETS)

Lawrence Chan, Network for Electronic Transfers (NETS)

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30 August 2021
Mind Your Business: NETS helping micro business owners adopt e-payment solutions with simplyNETS
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.

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Listen to his previous podcasts:

16 July 2020
How NETS is fitting into the current contactless payment ecosystem in Singapore
For the longest time, NETS have helped many Singaporeans make payments with ease. But over the years, NETS have met with much competition from other payment services with their more innovative approach to making payments. Lawrence Chan, Group Chief Executive Officer, Network for Electronic Transfers (NETS) shares what NETS is doing to remain competitive in the payment services sector in Singapore and why there was a need to rebrand itself after 35 years.

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