The NETSBiz app is designed to help smaller merchants such as hawkers to accept e-payments on the spot

Singapore’s largest cashless payments provider, NETS, has launched a new app that will allow merchants to generate their own QR codes on their smartphones, allowing them to accept e-payments instantly.

Called NETSBiz, the app is targeted at smaller merchants such as hawkers, delivery and personal services merchants (such as handymen). Using the app, these merchants would not need to generate an invoice.

The app also offers seamless and real-time tallying of transactions between different parts of the business; merchants can track payments conducted by their staff at different locations or outlets, without having to check in with them.

This ease of payment could potentially pave the way for more hawkers to offer delivery services.

“In the past, my drivers had to do double duty – collect the fare from passengers while ensuring that the bus is not too full. And sometimes they lose track of how many passengers they had that day so it’s hard for them to reconcile the payments at the end of their shifts,” said Eddie Ong, Cadence Transport Services.

Also Read: Singapore govt appoints NETS as unified e-payments operator for food centres

“With the NETSBiz app, my drivers can generate the NETS QR code on their phone so customers pay instantly and not have to worry about collecting cash or providing change for big notes. I too will be notified immediately on my phone so my drivers don’t have to report back to me at the end of the day. It’s so much easier now.”

The NETSBiz app supports Singapore Quick Response Code (SGQR), which is the country’s unified QR code payments system — as well as the upcoming NETS-operated unified e-payments system for coffee shops (which uses the SQGR).

Other e-payment apps such as DBS PayNow, an e-payments system that links a user’s mobile phone with their bank accounts, also allows payments to be made using a QR code generated on the app.

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