As part of the iN2015 Next Generation e-Payment Programme, IDA, together with industry partners, has launched this initiative to enable businesses and merchants in high cash based retail segments to equip their outlets with terminals to accept CEPAS e-Payments.
Under this initiative, businesses and merchants can deploy CEPAS-compliant contactless POS
terminals to:
- Enable customers to make payments using their CEPAS contactless cards;
- Speed up checkout process and shorten customer queuing time;
- Reduce the hassle of cash handling, and reduce risk of cash loss;
- Improve hygiene, especially for business involving food handling; and
- Increase business by leveraging marketing programs driven by the acquirers.
- Lower transaction fees of not more than 0.85% for two years
- Waiver of setup fees and monthly rental fees for at least a year
- Shorter 2-working day settlement period
Terms and duration for the above may vary between different acquirers, please consult the acquirers for specific terms of offer.
Initiative starts 16 Nov 2009 and ends 15 May 2011. During this period, all merchants/businesses, in selected high cash-based segments without existing POS terminal facilities, will stand to enjoy the scheme benefits.
To get started, please contact any of the IDA's Contactless POS Terminal Deployment CFC partners listed below:
EZ-Link Pte Ltd
Contact Person: Mr. Ong Keow Meng
Tel: 6372 4194
Email: keowmengong@ezlink.com.sg
Nera Telecommunications Ltd
Contact Person: Ms. Adeline Phua
Tel: 9635 7552
Email: adeline.phua@neratel.com.sg
NETS Pte Ltd
Contact Person: Mr. Yeo Wing Seng
Tel: 6374 0403 / 9639 8209
Email: wingseng@nets.com.sg
Contact Person: Ms. Linda Fong
Tel: 6374 0490 / 9656 9081
Email: lindafong@nets.com.sg
PaymentLink Pte Ltd
Contact Person: Mr. Chris Chong
Tel: 9382 6668
Email: chris@paymentlink.com.sg
Way Systems Solutions Pte Ltd
Contact Person: Mr. Sim Cho Joo
Tel: 6509 9018 / 9781 8225
Email: cjsim@waysystems.com.sg
This initiative is the result of the Contactless POS Deployment CFC.
