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Discover Global Network & NETS expand payment acceptance in Singapore

By Gloria Mathias

June 20, 2024

  • Card Payments
  • Fintech APAC News
  • Fintech news

NETS, Fintech News, fintech solutions, Fintech Singapore, Card Payments, Payments Technology, Payment solutions, Payment acceptance, Fintech APAC News, NETS (Network for Electronic Transfers) and Discover Global Network have launched their agreement, signed in 2022, at an event. The agreement will expand the global acceptance footprint for Discover Global Network cardholders within Singapore. Discover Global Network cards include Discover, Diners Club International, and Network Alliance cards.

NETS is one of the key acquirers in Singapore with over 130,000 acceptance points, and this agreement gives Discover Global Network cardholders the ability to use their cards at Point-of-Sale (POS) across Singapore in segments such as food and beverage, retail, convenience stores and supermarkets.

“This partnership is a natural step forward for NETS as we continue to strengthen our one-stop offering for merchants. Our study confirms merchants want to access a wide range of digital payment acceptance through a single payment provider. NETS is grateful that we are now able to better achieve our purpose of connecting communities, empowering lives by bringing more customers who wish to use Discover to pay our merchants,” said Lawrence Chan, Group CEO at NETS.

“Our strategic alliance with NETS in Singapore contributes to our rapid expansion in the Asia-Pacific region,” said Chris Winter, Managing Director, Head of International markets, APAC at Discover. “We have seen increased spending in the region from consumers around the world, and we want those shoppers to be able to pay how they want.”

With 34 % spend growth in the Asia-Pacific region for Discover Global Network in 2023 alone, Discover Global Network’s agreement with NETS is the latest collaboration to bring more payment opportunities to cardholders and more customers to merchants. In addition to Singapore, through recent enablement with payments companies in Australia and China, Discover Global Network cardholders can make payments at millions of accepting merchants around the region.

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