THE Network for Electronic Transfers (Nets) has partnered Singtel and Amazon Web Services (AWS) to provide more cross-border digital payment opportunities in South-east Asia. Read more at The Business Times.
Nets will use AWS cloud services like database, containers, serverless storage and security. Together with Singtel's offerings, Nets will be able to provide quick and localised connectivity for potential partners to access its cross-border payment services, it said.
Lawrence Chan, Nets group chief executive, said the initiative will spur cross-border digital payment growth for overseas payments partners, particularly micro-merchants, and help them leverage this to expand their market beyond domestic borders. Nets merchants in Singapore will also be able to accept selected overseas partner wallets from visitors in the region. They will benefit from operational cost efficiencies by connecting to a broader range of payment partners to provide a better experience for their customers, he added.
Mr Lim said:"Enterprises looking to accelerate their digital transformation need a robust and secure network and cloud infrastructure in order to go to market faster and roll out a differentiated customer experience."develop a new electronic payment and securities-settlement platformSingtel shares were up S$0.02 or 0.9 per cent to S$2.30 as at the midday break on Monday, after the announcement.For daily updates on weekdays and specially selected content for the weekend.
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