Cashless Payment Archives | MoneyDigest.sg

How To Secure Your Device When Shopping Online

In a recent survey, 1 in 4 Singaporeans have adopted mobile payment. In 2016 alone, over 30,000 retail points in Singapore enabled cashless payment. The most popular online wallets include DBS Paylah!, Apple Pay, and Android Pay.

You can only imagine how much growth the cashless payment received due to the Circuit Breaker period! People have been leaning towards this payment scheme due to the lack of face-to-face interaction that comes with it.

A mobile wallet stores payment information on your mobile device and lets you transact painlessly. It is fast and convenient. The downside? You are vulnerable to cyber hacking. On that note, here are several tips that you can use to secure your device while you shop.

#1: ENABLE THE TWO-FACTOR AUTHENTICATION

Two-factor authentication gives you an added layer of protection. Enabling this will let you control your purchases. You will be notified whenever your card or your online wallet is in use. You will get a message or an email asking for your verification code. This is something you have to put to pursue the online transaction. This will alert you in case fraudulent transactions are about to take place.

#2: BE VIGILANT AGAINST BOGUS SITES

Notice every little detail such as the web address. Cyber criminals use similar characters in the web address to virtually trick you into putting your bank details and other personal information. For instance, you may shop in amaz0n.com instead of amazon.com. Consider using tools such as Google Safe Browsing to check the current safety status of a website.

#3: PAY WITH CREDIT CARD

Credit cards are not tied to your savings account. Furthermore, it often offers fraud prevention and protection services compared to debit cards. If you use a debit card on purchases, the money will automatically be taken out from your savings account. Treat debit cards like cash. In contrast, credit cards enable you to have enough time to dispute fraudulent charges. Seek the help of the bank to investigate the incident. It is a good habit to regularly check your billing statement and your weekly transactions online.

#4: DO NOT SAVE YOUR CREDIT CARD INFORMATION

Some online retailers, like Lazada, offer the option of storing your credit card or debit card information after you have made a transaction. While it is convenient for you to do this, you must never put your personal information at risk. Major companies have suffered data breaches where consumers’ information have been stolen. Do not let this happen to you! Moreover, never provide your credit card or debit card details over an email or a phone call.

Protect yourself! Be vigilant and strategic whenever you purchase online.

Sources: 1 & 2

Make easy cashless payment in Thailand with Singtel Dash

Singtel Dash is now accepted in Thailand, Singaporeans’ favourite holiday destination!

Thanks to VIA, the new cross-border payment alliance, you can continue to make easy cashless payment in Thailand with your mobile phone!

Forget queuing at money changers or fumbling with multiple currencies. Just tap or scan with your phone while you eat and shop away! Enjoy the convenience of paying in Singapore dollars at highly competitive exchange rates, and view both Thai Baht and Singapore dollars just before you make payment — no fear of additional fees or charges!

Simply Simply look out for the VIA logo at thousands of participating retail and F&B stores in popular shopping destinations like JJ Mall, Chatuchak Weekend Market, Central World and more. Visit https://www.viaconnects.com for more details.

Download and sign up for a free Singtel Dash account via the App Store or Google Play Store now!

Available for a limited period only, check out these exciting deals when you pay by Dash!

10% Cashback¹ for all your spends in Thailand (promotion ends 31 December 2018).
ReadyRoam 1GB 30 days Thailand at only $5 (U.P. $12)²for Singtel postpaid mobile users (promotion ends 31 October 2018. SMS ‘1’ to 727840 for instant activation).
63% OFF³ Etiqa Travel Insurance for Thailand (promotion ends 31 December 2018. Enter promo code DASH2THAI upon checkout).
8% OFF⁴ on IUIGA’s travel & outdoor items (promotion ends 30 November 2018. Enter promo code DASH8 upon checkout).

¹Promotion is valid till 31 December 2018. 10% Cashback is capped at $5 per customer. Full payment must be made with Dash QR Code payment through VIA or Dash Visa Virtual Account through Visa payWave. Terms and conditions apply.
²Promotion is valid till 31 October 2018. The 30-day plan is valid upon activation and non-refundable once commenced. Auto renewal will apply upon exceeding the 1GB quota within the 30-day validity period (per local time). Terms and conditions apply.
³Promotion is valid till 31 December 2018. Promo code must be entered at point of purchase on Etiqa’s website. Promo code DASH2THAI is only applicable for travel insurance for Thailand. Full payment must be made with Dash Visa Virtual Account. Terms and conditions apply.
⁴Promotion is valid till 30 November 2018. No minimum spend required. Promo codes are applicable for all products under Travel & Outdoor except luggage. Full payment must be made with Dash Visa Virtual Account. Terms and conditions apply.

Visit www.dash.com.sg/deals for more information.

NETS IT! and be rewarded! Go cashless and stand a chance to walk away with attractive prizes!

NETS is once again executing a massive NETS IT! promotion which consists of 3 different promotions. Launched on 15th October 2018, the 3 months long campaign will end 2018 with a bang and kickstart 2019 with attractive prizes. With NETS fighting to idealize Singapore’s cashless society, NETS have many forms of cashless payment methods which include NETS PIN, NETSPay, NETS FlashPay, NETS Contactless payment, et cetera – all of which are accepted in this promotion. Moreover, with the incorporation of SGQR, you are bound to easily use NETSPay to pay for your purchases at the participating outlets. Without further ado, let’s dive into the promotion details.

Spend a minimum of $40 at participating merchants with NETS!

In the first promotion, “NETS IT and WIN your money back!” 50 lucky winners each month will win their grocery-spending back – capped at $200. So, if you are someone who likes to shop till you drop, the prize amount gives you the desired freedom to spend.

For a full list of participating merchants, click here.

Pay for your healthcare with NETS at participating healthcare providers.

The next promotion “NETS IT, don’t cash it!” will be the remedy to your sick blues. The best way to cure your sickness is to be able to recuperate with peace of mind. You can easily do so when you know that you stand a good chance to win $50 to ‘offset’ your medical bills. 200 monthly winners will stand a chance to win $50 when they pay with NETS at any participating healthcare outlets.

For a full list of participating merchants, click here.

Spend a minimum of $20/$50 at selected F&B merchants with NETS!

Last, and certainly not least, the “NETS IT and WIN a dream trip for 2!” is definitely a mouthwatering promotion! NETS is pulling out all the stops with this promotion to allow you & your loved one to travel to your dream destination! 5 monthly winners will stand to win travel vouchers worth $2,000 inclusive of flight and accommodation. With $2,000 worth of vouchers, you can visit the exotic Maldives, beautiful night markets at Taiwan or even experience snow in Japan. However, before making a purchase at any participating F&B outlets, do check out the promotion website to see what the minimum spending needs to be for each outlet in order to qualify.

For a full list of participating merchants, click here.

So the big question remains: How do I stand a chance to win the above prizes? In 3 easy steps:

Spend with NETS
Take a picture of your NETS receipt
SMS the picture of your NETS receipt to 8180 1144 along with the following details:

NETS IT and WIN your money back!
Groceries <space> Transaction Date (DDMMYY) <space> Amount Spent [e.g. Groceries 151018 $88]
NETS IT, don’t cash it!
Healthcare <space> Transaction Date (DDMMYY) <space> Amount Spent [e.g. Healthcare 151018 $88]
NETS IT and WIN a dream trip for 2!
FnB <space> Transaction Date (DDMMYY) <space> Amount Spent [e.g. FnB 151018 $88]

Once you have sent a complete submission, you will automatically be allocated a chance in the same month’s lucky draw for that particular promotion. Every complete submission equates to one chance to win so remember to pay with NETS!

Find out more information of the NETS IT! promotions at www.nets.com.sg/netsit.

Terms & Conditions

The Transaction Date must fall within the Promotion Month in order to qualify for that month’s Lucky Draw.
Each complete SMS/MMS submission is equivalent to 1 (one) lucky draw chance for the respective Promotion. A complete submission requires a legible NETS receipt and SMS details that meet the conditions stated above.
The image of the NETS receipt submitted must show the Merchant Store Name, Transaction Date and Transaction Amount clearly to qualify for the lucky draw. If the image does not meet the above condition(s), the submission will not be eligible for the lucky draw.
There are no limits to the number of Lucky Draw chances accumulated per mobile number in a promotion month.
Lucky Draw chances for each Promotion are awarded to a unique mobile number and are non-transferrable.
Lucky Draw chances cannot be carried forward to the next Promotion Month(s).
NETS reserves the right at its absolute discretion to terminate the Promotion or vary, delete, add to or otherwise amend the Terms and Conditions from time to time without prior notice to the Participants, including without limitation the date(s) of the Promotion.

The Future Of Cashless Payment

Much is known about the fact that Singapore is very much still a predominantly cash-based society. So much so that during the 2017 National Day Rally, Prime Minister Lee Hsien Loong mentioned that Singapore has lagged behind in terms of electronic payments. This comes at a time when other countries have already moved forward to embrace cashless transactions and accepting phone payments with a virtual terminal. This was a wake-up call as a slow adoption rate towards electronic payments has impeded Singapore’s progress towards a Smart Nation. Several organisations and fintech startups have heeded the clarion call and responded with their own cashless mobile apps. None so has delivered in a bigger and more promising way than OPG Asia has with its very own SpherePay.

What is SpherePay

SpherePay is an integrated mobile application that allows both consumers and merchants to process cashless transactions. With a fully equipped and QR-code based transaction system, it aims to promote an ecosystem of digital transactions such as micro loans and mobile wallets. SpherePay is developed by OPG Asia Pte Ltd, one of the world’s leading providers of financial innovation and payment services. OPG Asia is committed to the development of electronic business and operations to improve the operational efficiency of society as a whole. With data security as one of its operating principles, OPG Asia is certified by the Payment Card Industry (‘PCI’) Data Security Standards. This is an important step to gain credibility and trust amongst consumers and merchants.

How To Use SpherePay

For the consumers, SpherePay provides 4 main functions- a) Scan & Pay b) Collect Money c) Top Ups, Withdrawals and D) Advance Cash Credits.

To start using these amazing functions on the SpherePay mobile app, follow this step-by-step guide:

Download SpherePay on the Apple Store or on Google Play and sign up as a registered user.
To start using the Scan & Pay function, tap here to active camera to SCAN Merchant QR Code to pay. If you are transferring money to your peers on SpherePay, also tap this function to scan your peer’s unique QR code.
To collect money from others on SpherePay, click here to activate your own QR code to receive money transfer from others.
To top up or withdraw money on SpherePay, click either of these 2 buttons. Consumers can link their own debit cards or bank accounts to inject or withdraw funds from SpherePay.
To apply for advance cash credits, click here and obtain a quick loan to purchase items at merchant shops. This allows consumer to buy now and pay later. The advance cash credit will also be available on several online and e-commerce stores.

These 4 key functions effectively form the core of a digital wallet and bring with them countless advantages.

Why Go Cashless With SpherePay

SpherePay enables consumers to link all their credit and debit cards into a single app to pay for their purchases by scanning the merchant QR code. With hundreds of merchants island-wide, this means that users can now leave their wallets in the comforts of their homes without worrying about the need for cash.

When the moment arrives for bills to be split at the dining table, a SpherePay user can simply transfer money on the app by just scanning the QR code on his friend’s SpherePay app.

Going cashless with SpherePay allows the users to snag exclusive promotions and special offers listed by participating merchants on the SpherePay app. Be notified of such exclusive promotions on the SpherePay app with the Location Based Services push notification function.

SpherePay is rapidly expanding its footprint. By end of 2018, SpherePay aims to have over 5,000 offline and online merchants island wide. SpherePay’s expansion plans also includes regional footprints with Thailand and Indonesia opening in 1Q2018 and the rest of South-east Asia by end 2018. This means consumers can shop easily in multiple countries without having to worry on changing physical monies at the money changers.

Download SpherePay Today

SpherePay is available for download on Google Play or The Apple Store. Download immediately and you no longer have to worry about bringing your oversized wallet out the next time!

* Note that SpherePay is no longer functioning.

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