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eNETS

#Card (credit or debit)#Real-time banking

eNETS is an online payment method developed by Network for Electronic Transfers (Singapore) Pte Ltd (NETS), a payment processing company based in Singapore. eNETS allows users to make online […]

Certified payment providers 6
Market coverage 1
  • Singapore
Currencies 1
  • Singapore Dollar
Description

eNETS is an online payment method developed by Network for Electronic Transfers (Singapore) Pte Ltd (NETS), a payment processing company based in Singapore.

eNETS allows users to make online purchases using their bank account. Users must first link their bank account to their eNETS account before they can make online payments. When making an online purchase, they are redirected to the eNETS payment site where they can select their bank and enter their banking credentials to authorize the payment.

The payment is made in real-time and the funds are debited directly from the user’s bank account. eNETS transactions are secured through a standardized security protocol and fraud prevention measures.

eNETS is widely used in Singapore for online payments, including for government services, utility bills, transportation ticket purchases, and online purchases from local retailers.

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Frequently Asked Questions

What are the best practices for managing cross-border payments?2023-04-18T18:56:57+02:00

NORBr is a payment orchestrator that connects you to all cross-border payment services providers that can help you manage your cross-border payments efficiently and securely, while also ensuring compliance with relevant regulations. NORBr offers advanced features like fraud detection, currency conversion, and real-time tracking and reporting, which can help you optimize your payment processing for cost efficiency and speed.

What are the risks associated with cross-border payments?2023-04-18T18:57:21+02:00

Cross-border payments can be associated with several risks for you, including currency fluctuation risk, regulatory risk, and fraud risk. Currency fluctuation risk refers to the potential impact of exchange rate fluctuations on the value of your payments. Regulatory risk relates to the complexity of complying with different regulations in different countries. Fraud risk refers to the potential for fraudulent activity, which can be more difficult to detect and prevent in cross-border transactions.

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