NETS Abbreviation of Network for Electronic Transfers. Leading electronic payments provider. Consumers have been able to make cashless payments at retail outlets in Singapore with ATM cards since January 1986 through NETS. It operates the main Electronic Funds Transfer at Point of Sale system and is accepted at over 12,000 retail outlets throughout the island.

Additionally, the NETS cashcard— a multi- purpose stored- value card most commonly used for Electronic Road Pricing payments and car park fees— can be used virtually island- wide for a variety of minor transactions. Over six million cashcards have been issued.