Thursday, 30 March 2023

NETS launches NETS Prepaid Card: ‘Smart’ stored-value card for retail and transit

5 min read

Singapore, 22 November 2022 – Network for Electronic Transfers (NETS), Singapore’s leading payment services group, today announced the launch of the NETS Prepaid Card, its first ‘smart’ stored-value card for retail and transit.  Consumers can use the card at over 120,000 acceptance points, making NETS Prepaid Card the stored value card with the largest number of acceptance points locally.

Here are some key features of the NETS Prepaid Card:

  • Using NETS App, users can top up on-the-go, track and manage their household expenses with peace of mind as stored value on a NETS prepaid card can be retrieved even if the card is lost.
  • NETS Prepaid Card can be accepted at over 120,000 retail points in Singapore as well as for transit.  
  • NETS Prepaid Card can also be customised as a gift card, providing recipients with the freedom to shop anywhere.

Smart and secure contactless payment, with budget tracking capabilities for the family
Up to 10 cards can be linked to one NETS account through the NETS App, to access features such as topping up on-the-go, locking and requesting refund for remaining stored value for misplaced cards, setting daily spending limits, and monitoring transactions made on each card.

The perfect card for retail and as a gift for friends and family
The NETS Prepaid Card is also an excellent gifting card as consumers can spend at any NETS accepting merchants for shopping or for public transport. Users are also not limited to fixed denominations in their gift cards and can top up auspicious numbers like $88, up to a cap of $100 per top-up.

Hassle-free purchase, smooth public transport travel

Additionally, the NETS Prepaid Card can be used for public transport, allowing commuters to top up the card on-the-go instead of spending time queuing at physical top-up machines. The NETS Prepaid Card can also be topped up and managed via the NETS App, available on both Google Play and Apple App Store. Through the NETS App, users can also set up automatic top-ups for the card to ensure that there are always sufficient funds for their daily commute.


Re-disseminated by The Asian Banker


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