NETS’s new virtual payment service vCashCard cuts the hassle of manual CashCard top-ups
As if traffic congestion, costly parking and bad driving is not vexatious enough, Singaporean drivers often have to deal with the annoying “beep” sounds if their CashCard is low on money while passing through an ERP (Electronic Road Pricing System) gantry.
Now Singapore payments solutions provider NETS has launched its first virtual payment service to tackle this pain point – vCashCard.
Using this e-payment gateway, businesses such as bus operators, logistics companies, courier and food delivery companies will be able to pay for ERP charges using credit/debit cards or corporate bank accounts. This means the ERP charges are automatically deducted from these accounts, eliminating the hassle of manually topping up CashCard at shops.
For those who prefer GIRO payments, they can apply for interbank GIRO on the vCashCard website.
In addition to fuss-free payments, this service will enable businesses to monitor their fleets better through location. information downloaded from the vCashCard website.
“This new service will inject a tremendous amount of productivity in terms of time saved and paperwork. Today, NETS is using innovation and technology through the vCashCard to deliver these additional benefits to businesses,” said Seow Chow Wei, Vice President of Business Services, NETS.
Registering for this service is free of charge; there are also no subscription fees.
Although this service will initially target businesses, the vCashCard website offers individuals the opportunity to sign up as well.
In the future, vCashCard will expand its coverage to include car park payments.
Image Credit: Mailer diablo
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