PolyFintech 100 Hackathon Briefing
Transcript of PolyFintech 100 Hackathon Briefing
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PolyFintech 100
Hackathon Briefing
5 April 2019
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About NETS Group
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Region’s leading
payments group
Process >S$1 trillion in transaction value annually
Market leader for
payment & clearing solutions
RTGS, CTS, GIRO, FAST, PayNow
Largest payment
network in Singapore
Designated national payment system by the
MAS
Jointly owned by DBS Bank, OCBC Bank &
UOB
Singapore’s largest banks
Founding member of APN
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What We Do
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Driving e-payments anytime, anywhere
• Largest payments network in Singapore
accepting debit, credit, stored value, QR
& mobile payments
• > 70% coverage island-wide;
acceptance points include department
stores, large retailers, grocers, F&B,
hawkers, pop-up stalls
• Online payments
Power the transportation segment
• CashCard the de facto payments card
for car park & ERP charges
• NETS FlashPay for public transportation
Electronic funds transfer services
• GIRO, FAST, PayNow
• Real-Time Gross Settlement System,
Cheque Truncation System
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NETS Group Milestones
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• GIRO adopted
• NETS established to enable debitpayments
• NETS EFTPOS launched
• Local & regional switching services
• NETS CashCardlaunched
• eNETSlaunched
1984 1985 1986 1988 1996 2001
2019 2018 2017 2015 2014 2009
• NETS Contactless cards
• NETS appointed masteracquirer
• SGQR launch
• PayNow• NETS QR• NETSPay
• NETS vCashCardlaunched
• FAST launched
• NETS FlashPaylaunched
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NETS Confidential 5
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Play NETS is Digital Video
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Implementations of Online NETS QR
Dine in restaurants Pop up stores
Mobile applicationsOnline shops
Kiosks
And more
Payment upon Delivery
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Pay at Table
• Popular restaurant chain in Hong Kong,
now comes to Singapore.
• Improves efficiency and cut down
queue at cashier by allowing consumers
to pay@table after their meal
Tsui Wah
Successful implementation of Online
Ordering & Payment
Play Tsui Wah Video
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Easy Login
Simply scan the storeQR to login
Easy Payment
Collection
Pop-up and voice notifications when payment is successful
Ability to generate QR dynamically, on-the-go
Real-Time
Notification
Pop up store & Payment upon Delivery
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The Problem
Statements for this
Hackathon
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Driving Towards a Cashless Society
How would you drive more people to adopt the habit of cashless payment?
What would encourage merchants to promote & accept more digital payment?
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THANK YOU