FINANCIAL SERVICES
After facing over three-decades worth of changes and advancements in the payments industry, Singapore-based payment network company NETS’ goal remains clear: connecting communities and empowering lives.
“Our key question is always, how can we do good? How can we leverage technology, leverage our understanding of the business that we do?” Lawrence Chan, CEO of Network for Electronic Transfers (Singapore) Pte Ltd. or NETS, told Singapore Business Review. in an exclusive interview.
Catching up with Chan at the Singapore Fintech Festival 2023 last 15-17 November, it had to be asked how NETS was going about helping small and medium enterprises (SMEs) in Singapore increase their revenue.
Putting it simply, he said that they give SMEs access to the right data. To do this, NETS is leveraging its network of 130,000 payment touchpoints and about 10 million cards in Singapore.
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