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In September 2018, it was announced that the Singapore government has appointed NETS as the master acquirer to unify and roll out e-payments to all 12,000 stalls at hawker centres, canteens and coffee shops in Singapore. [18] The Government will cover transaction fees of 0.5% payable by merchants until 31 December 2024. [19]
The MAS Electronic Payment System, or MEPS in short, is an SGD-only online interbank payment and fund transfer system in Singapore. [1] It went online in July 1998, and is owned and operated by the Monetary Authority of Singapore (MAS). The irrevocable transfer of funds and the real-time nature of transfers are some of the key features of MEPS.
Autopass Card is a stored-value smart card that allows paying VEP fees, toll charges and ERP fees in Singapore. The card is sold only to foreign motorists. The card is sold only to foreign motorists. As vehicle information is encoded in the card, it is not transferable between vehicles.
An electronic visa (e-Visa or eVisa) or Electronic travel authorization (or ETA) is stored in a computer and is linked to the passport number so no label, sticker, or stamp is placed in the passport before travel. The application is done over the internet, and the receipt acts as a visa, which can be printed or stored on a mobile device.
CEPAS, the Specification for Contactless e-Purse Application, is a Singaporean specification for an electronic money smart card.The specification was prepared by the Cards and Personnel Identification Technical Committee (CPITC), under the purview of the IT Standard Committee of Singapore (ITSCS).
PayNow is a near-instant real-time payment system developed by Association of Banks in Singapore. [1] The interface facilitates inter-bank peer-to-peer and person-to-merchant transactions. The system is supported by all major Singaporean banks and is regulated by the Monetary Authority of Singapore (MAS) and works by transferring funds between ...
The EZ-Link card is a rechargeable contactless smart card and electronic money system that is primarily used as a payment method for public transport such as bus and rail lines in Singapore. A standard EZ-Link card is a credit-card-sized stored-value contact-less smart-card that comes in a variety of colours, as well as limited edition designs.
GeBIZ is a Government−to−business (G2B) Public eProcurement center where suppliers can conduct electronic commerce with the Singapore Government. All of the public sector's invitations for quotations and tenders (except for security−sensitive contracts) are posted on GeBIZ.