NetsPay mobile wallet available for download

Singapore e-payment stalwart Nets has launched its mobile wallet app – paving the way for millions of ATM card users to make Nets payments with just their phones. Observers say the move by the e-payment provider is a step towards the setting up of the unified cashless payment system Prime Minister Lee Hsien Loong spoke of at the National Day Rally. His remarks on Aug 20 fired the starting gun for a race in which e-payment firms battle to be the one to unite fragmented platforms and reach all strata of society, including hawkers and heartland shops, where cash is king.