NETS Enables Direct Debit Online Payment for Mainland Chinese Consumers
Singapore’s electronic payments provider, NETS, has launched eNETS China Payment, a new payment service enabling direct debit payments from Chinese domestic bank accounts. Through this service Chinese nationals will be able to pay for their purchases on Singapore websites offering the service by directly debiting their domestic bank accounts without having to own a credit card or share sensitive information online.
Jocelyn Ang, NETS managing director, EFTPOS, internet business and merchant network, said: “eNETS China Payment is a natural extension of our merchant service offerings. We were the first in Singapore to offer merchants the opportunity to tap into the growing Chinese national market with the launch of our NETS-CUP service in 2005 and today, we are delighted to be able to offer them the ability to reach out to millions of internet users in China.”