BUSINESS

DISCOVER GLOBAL NETWORK-NETS ALLIANCE STRENGTHENS PRESENCE IN APAC

19/06/2024 05:39 PM

KUALA LUMPUR, June 19 (Bernama) -- Discover Global Network and Network for Electronic Transfers (NETS) have launched their strategic agreement, signed in 2022, in an event with executives from both companies.

The agreement will expand the global acceptance footprint for Discover Global Network cardholders within Singapore, which include Discover, Diners Club International, and Network Alliance cards.

“Our strategic alliance with NETS in Singapore contributes to our rapid expansion in the Asia Pacific region.

“We have seen increased spending in the region from consumers around the world, and we want those shoppers to be able to pay how they want,” said Discover managing director, head of international markets, APAC, Chris Winter in a statement.

Meanwhile, NETS Group chief executive officer, Lawrence Chan said: “NETS is grateful that we are now able to better achieve our purpose of connecting communities, empowering lives by bringing more customers who wish to use Discover to pay our merchants.”

NETS is one of the key acquirers in Singapore with over 130,000 acceptance points, and this agreement gives Discover Global Network cardholders the ability to use their cards at Point-of-Sale (POS) across Singapore in segments such as food and beverage, retail, convenience stores and supermarkets.

With 34 per cent spend growth in the Asia Pacific (APAC) region for Discover Global Network in 2023 alone, Discover Global Network’s agreement with NETS is the latest collaboration to bring more payment opportunities to cardholders and more customers to merchants.

In addition to Singapore, through recent enablement with payments companies in Australia and China, Discover Global Network cardholders can make payments at millions of accepting merchants around the region.

Discover Global Network is the global payments brand of Discover Financial Services which has become one of the largest card issuers in the United States (US), since its inception in 1986. Discover Financial Services is a digital banking and payment services company with one of the most recognised brands in US financial services.

-- BERNAMA


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