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Nets to roll out new cashless payment features to help hawkers fight fraud

SINGAPORE - E-payments service provider Nets will roll out new features to help hawkers fight fraud as more than half of all stallholders here accept cashless payments. The enhancements on the NETSBiz App used by hawkers and small retailers will include larger fonts, distinct payment alerts and colours to highlight new transactions. They are set to be rolled out progressively from next month and are meant to help hawkers track their transactions easily, said Minister for Communications and Information S. Iswaran on Friday (Feb 19). All of this is really designed based on feedback from the stall holders to make it easier for them to recognise that a transaction has in fact been recorded and executed, said Mr Iswaran, noting that fraud is present on all kinds of transaction platforms.

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