Market coverage 1
- Singapore Dollar
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.