Banks in Singapore to use NETS QR code for cashless payments

By the middle of next year, seven banks in Singapore will offer consumers the option of paying using NETS QR code. In a joint press briefing on Monday. DBS Bank, OCBC and UOB said they have come onboard NETS' QR code platform. They will be joined by HSBC, Maybank and Standard Chartered Bank to enable this payment offering. Citibank is also on board, offering the payment option for small, cash-based merchants, they said.