what is flashpay
(December 2007) (Learn how and when to remove this template message) Network for Electronic Transfers (Singapore) Pte Ltd (Abbreviation: NETS; Chinese: æç½çµå­ä»æ¬¾ç§äººæéå¬å¸) was founded in 1985 by a consortium of local banks to establish a debit network and drive the adoption of electronic payments in Singapore. NETS is designated as a national payment system by the Monetary Authority of Singapore. NETS fulfils dual roles as both an acquirer and an issuer in the payments industry. As a card issuer, NETS issues CashCards and FlashPay cards for consumers to make payment through a variety of options. As a merchant acquirer, NETS works with new and potential business owners to extend its reach of electronic points-of-sales (POS) nation-wide.