To understand eNETS, you need to know where the company began. NETS (Network for Electronic Transfer) founded in 1985 by an association of local banks that joined forces in order to optimize electronic money transfers. Also, addressing the changing needs of Singapore and their people.
Therefore, in many ways playing a major role in the story of Singapore’s success. In 2001, this successful company launched an online payment service known as ‘eNETS’
eNETS is a payment solution company with over 30 years’ experience. Consumers and merchants in Singapore have come to adopt and trust the efficient and secure payment methods offered by this company.
This is a popular payment method in the lives of Singaporeans. 1 in 3 people enjoy using it for everyday purchases from shopping to dining. They have process points across 95 000 locations nationwide and processes over S$ 1.3 billion worth of money transactions per year, making it the most widely used online payment system on Singapore Island.
In short, eNETS is an online banking solution basically providing online banking services to clients linked with almost all major Singapore banks via the use of internet banking. Clients use this service to make payments online with their credit or debit card such as a Visa or MasterCard.
In order for such advances to work, the player's credit or debit card needs to be connected to a Singapore bank account, obviously issued by a Singapore bank which accepts eNETS services. Bear in mind that payments via eNETS only made in the Singapore Dollar currency.
When making payments from your online casino of choice, select the payment section of the website and look for the eNETS banking option. This page will appear for the bank from which the payment has to be made and redirect you (the payer) to your own bank account.
At this point, you can use the normal internet bank transfer procedure as you would from your own transactions with your bank. Conclude the necessary steps and confirm the payment redirected to the recipient website (the merchant). Both you and the recipient will receive a receipt to conclude the transfer.
There are a couple of reasons why a Singaporean client would choose this as the primary online banking solution. Benefits include safe and secure payment option, therefore all contributing information to sensitive personal data about the player remains anonymous. Funds deposited using eNETS are instantly available to online casino accounts.
The transfer is carried out directly in addition to zero fee charge for utilizing this quick and easy to use payment service. Finally, make payments from a mobile device too, anytime you want, anywhere you are and any place.