Wirecard Singapore, a Wirecard Group company, and Network For Electronic Transfers (Singapore) Pte Ltd. (NETS) have teamed up to offer a single terminal payment solution, enabling government agencies to accept payment cards in Singapore.
The partnership will allow users of the services of Singapore government agencies to use their CEPAS cards, such as NETS FlashPay, EZ-Link and concession cards on one single device.
The CEPAS cards can be used to make payments across major retailers, food courts, convenience stores and supermarkets in the country. They can also be used on all MRT/LRT, public buses, selected taxis as well as to pay for road toll and CEPAS-compliant car park charges.
NETS CEO Jeffrey Goh said: "This collaboration to deliver a single terminal solution for the government agencies in Singapore will bring greater benefits in improving the operational efficiency and productivity for the merchants and customers.
"NETS values the partnership with Wirecard Singapore as we build a new payment ecosystem and platform going forward in Singapore."
Wirecard Singapore managing director Jeffry Ho said: "We are very pleased to collaborate with NETS to bring the convenience of the unified POS solution to the Singapore government agencies."
As part of the new collaboration, Wirecard will acquire the merchants for CEPAS payments, while NETS will provide the terminals and acquire the merchants for NETS payments.