Community for Digital Transfers (NETS) has introduced the launch of the NETS Pay as you go Card, its first ‘sensible’ stored-value card for retail and transit.
There isn’t any minimal age, earnings requirement, annual subscription charges or credit score checks required for the acquisition of the NETS Pay as you go Card.
As much as 10 playing cards might be linked to 1 NETS account via the NETS App with day by day spending limits of as much as S$1000 for every card.
Customers can have entry to options reminiscent of topping up on-the-go, locking and requesting refund for remaining saved worth for misplaced playing cards, setting day by day spending limits, and monitoring transactions made on every card.
As soon as a card has been linked to a NETS account, customers can evaluate the transaction historical past through NETS App and likewise configure auto top-up each time the cardboard steadiness dips beneath a specific amount.
Customers will have the ability to prime up their pay as you go card through the NETS App via varied means, which embrace NETS financial institution playing cards. The consumer’s most popular fee card will also be saved on-file to hurry up the method.
Commuters may also hyperlink their NETS Pay as you go Card to TransitLink SimplyGo app, an initiative to introduce contactless funds on trains and buses via the partnership with varied fee schemes, to see their journey particulars.
To assist minimise doable fraud or abuse of the NETS Pay as you go Card whether it is misplaced, customers can lock the cardboard with the easy faucet of a button on the NETS App.
This takes impact instantly and there may be additionally an choice to completely terminate the NETS Pay as you go Card to refund the saved worth.
In line with NETS, the pay as you go card has the most important variety of acceptance factors domestically as shoppers can use the cardboard at over 120,000 locations.
Lawrence Chan
Lawrence Chan, Group CEO of NETS stated,
“The NETS Pay as you go Card is a part of our continued effort to attach communities and empower lives. Households might be empowered to take management of day by day bills as they will present their dependents and home helper with contactless fee choices that may be simply tracked.
Moreover, this card might be rapidly disabled whether it is misplaced. This card is most useful as it may be used in any respect NETS acceptance factors and mass transit.”
