Retail Group Partners With Nets to Enable WeChat Pay
A large multi-format retailer in Singapore has tied up with Nets to accept WeChat Pay via the Nets terminals across 600 stores island-wide.
Dairy Farm Singapore Group (DFSG) has tied up with e-payment solution provider Nets to allow WeChat Pay on the Nets Unified Point-Of-Sale (Unified POS) terminals, starting in November. The retail group operates more than 600 convenience stores island-wide under the brands 7-Eleven, Guardian, Cold Storage, and Giant.
«More customers are adopting cashless payments. Cold Storage alone has seen cashless payment increase by 6 percent and at Guardian by 3 percent since Dairy Farm Singapore installed 1,800 unified NETS POS terminals in 2017,» said Tom van der Lee, Singapore's regional finance director at Dairy Farm.
Minimising Adoption Costs
«Working with payment partners like WeChat and retailers like Dairy Farm Group enables Nets to roll out new payment services for consumers quickly while minimising adoption costs for merchants,» said Alvin Seck, Nets head of merchant services.
According to figures from the Singapore Tourism Board, visitors from China increased by almost 13 percent, from 2.8 million in 2016 to 3.2 million in 2017.
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