Editing EFTPOS (section)

==Singapore==
[[File:NETS Unified POS.jpg|thumb|NETS POS]]
In [[Singapore]], [[NETS (company)|NETS]] was founded in 1985 by a consortium of the country's local banks of [[DBS Bank]], [[OCBC Bank]] and [[United Overseas Bank|United Overseas Bank (UOB)]] to establish the debit network and drive the adoption of electronic payments in Singapore.<ref name=MAS>{{cite web|url=http://www.mas.gov.sg/Singapore-Financial-Centre/Payment-and-Settlement-Systems/Clearing-and-Settlement-Systems.aspx|title=Clearing and Settlement Systems in Singapore|work=[[Monetary Authority of Singapore]]|access-date=23 July 2013}}</ref>

===History===
NETS was officially launched on 18 January 1986, allowing millions of [[ATM card]] holders in Singapore to make transactions through the initial network of 195 terminals located in various retail outlets and by 1993, [[consumer spending]] through NETS reached [[Singapore dollar|S$]]1.14 billion.<ref>[http://eresources.nlb.gov.sg/newspapers/Digitised/Article/biztimes19930121-1.2.9.4 Nets rings up record $1.14b in consumer spending.] The Business Times, p. 2. January 21, 1993. Retrieved from NewspaperSG. Accessed on June 3, 2018.</ref> Since the late-2010s, NETS has also adopted [[QR code payment]]s through NETS QR, which is also integrated with SGQR.

==== Mobile EFTPOS ====
[[File:Ingenico ISC250 Payment NETS QR.jpg|thumb|NETS QR]]
In 1996, mobile EFTPOS arrived, with hotels in [[Singapore]] installing systems in 1997 and the first example of a pizza delivery in Singapore accepting [[Visa card]] via cellular payment in 1998, which was a collaboration between [[Singtel|Singnet]], Visa, [[Citibank]], and Dynamic Data Systems, beginning the rollout of mobile systems in Asia.<ref>{{Cite news|title=Visa plays the mobility card|last=Cornell|first=Andrew|date=1998-04-28|work=The Australian Financial Review}}</ref><ref>{{Cite news|title=DDS sights Asian Eftpos market|last=Cornell|first=Andrew|date=1998-04-24|work=The Australian Financial Review}}</ref><ref>{{Cite news|title=Mobile drive in Asia-Pacific|date=June 1998|work=Electronic Payments International}}</ref><ref>{{Cite news|title=Citibank's 'mobile' service for customers|date=1997-09-04|work=The Star}}</ref><ref>{{Cite news|title=Home-delivered pizza now paid by credit card|date=June 1998|work=Singtel Staff Magazine}}</ref><ref>{{Cite news|title=Now, you can also charge your pizza|date=1998-04-29|work=The Straits Times}}</ref> By 2004, cellular based EFTPOS infrastructure had really taken off, and by 2010, cellular EFTPOS had become the standard for the global market.

===Usage===
The nationwide acceptance infrastructure is the largest in Singapore and includes 54,000 Unified Point-of-Sale (Unified POS) terminals and 94,000 QR acceptance points. In 2011, NETS’ debit system was designated as national payment system by the [[Monetary Authority of Singapore]] (MAS).