Network for Electronic Transfers (NETS) has launched NETS SoftPOS, a revolutionary solution set to transform payment processing in Singapore. This innovative platform allows merchants to convert their Android devices into contactless payment terminals. Now, accepting payments has never been more straightforward. The application is readily available for download from the Google Play Store, making it accessible for businesses of all sizes.

NETS SoftPOS supports an extensive range of payment options, including card transactions, QR codes, and mobile payments. Merchants can seamlessly accept NETS ATM/debit cards, NETS Prepaid Cards, and major international card schemes. Furthermore, QR payments are processed via popular banking apps like DBS, OCBC, and UOB, as well as internationally recognized wallets from countries such as China and Malaysia.

One of the standout features of NETS SoftPOS is its cost efficiency. It eliminates the need for dedicated hardware terminals, allowing businesses to utilize devices they already own. Lawrence Chan, Group CEO at NETS, emphasized that this solution empowers merchants by providing them with a flexible, secure method to accept payments wherever they are, without incurring additional costs.

The introduction of this technology is expected to lower barriers for small and medium enterprises keen on meeting the rising consumer demand for contactless payments. The pilot program already includes merchants from diverse sectors like food and beverage, showcasing its adaptability.

As digital transactions continue to rise, solutions like NETS SoftPOS represent a significant step forward in making payment acceptance more manageable and secure for merchants, thereby enhancing the overall customer experience in Singapore’s vibrant retail landscape.