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Source: Monetary Authority of Singapore, Financial Institutions Directory

Information last checked: 31 August 2026 (the date the MAS directory was read).

View this institution's entry in the MAS Financial Institutions Directory (the authoritative record) ↗

This page reproduces the MAS Financial Institutions Directory without alteration. If anything here differs from the MAS directory, the MAS directory prevails.

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Directory record

Institution name
NETWORK FOR ELECTRONIC TRANSFERS (SINGAPORE) PTE LTD
FI ID
100331
Sector(s)
Payments
Incorporated in
Singapore
Regulator
Monetary Authority of Singapore (MAS)
Source
Monetary Authority of Singapore, Financial Institutions Directory

Licences and regulated activities

  • Designated Payment System OperatorPayments

    Designated payment system operators operate payment systems designated under the Payment Services Act. MAS may designate a payment system if it is considered a systemically important payment system or a system-wide important payment system, or where it is otherwise in the public interest to do so.

    • NETS Electronic Fund Transfers at Point of Sale
  • Major Payment InstitutionPayments

    Major payment institutions provide any combination of regulated payment services, regardless of transactional volume or e-money held. Major payment institutions are subject to more comprehensive regulation than standard payment institutions as the scale of their operations pose greater risks. For example, a major payment institution must comply with requirements to protect customer money.

    • E-money Issuance Service
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