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Author Topic: NETS offer money to shops to get rid of credit cards?  (Read 1111 times)
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« on: December 19, 2007, 12:07:28 PM »

SINGAPORE : The Competition Commission of Singapore said NETS (Network for Electronic Transfers Singapore) did not infringe the Competition Act by giving discounts to shops for 12 months, if they offer NETS only, and no other form of cashless payment such as credit cards.


i wonder why this is not considered to be anti competitive. offer money to customers to stop doing business with your competitor. anyone has more info on the deal offered by NETS ? anyone has come across shops which has stopped accepting credit cards since Jul 07 ?

maybe the Competition Act needs to be updated.

devil's advocate


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