Punggol.sg Punggol.sg
Punggol.sg Forum Terms of Service
Punggol Surroundings Punggol Topaz Historical Background Submitted Articles Articles - Child Care Centre Birds in My Backyard - Punggol 21
Notice: Crime Prevention Punggol Bus Guide Punggol LRT Guide BBQ Pit Booking
 Completed Project  Project In Progress
 Condominium  Others
Enrichment Programme Essential Telephone Numbers Infant/Child Care Services Kindergarten Primary/Secondary Schools Healthcare Establishments RCs, Fire Post Shopping Mall in/near Punggol Fashion and Accessories Food Country Clubs Camps Places Of Worship Others
April 23, 2024, 08:12:11 PM *
Welcome, Guest. Please login or register.

Login with username, password and session length
News: Terms of Service
 
   Home   Photos Help Calendar Login Register  

Pages: [1]   Go Down
  Print  
Author Topic: NETS offer money to shops to get rid of credit cards?  (Read 1111 times)
0 Members and 1 Guest are viewing this topic.
da

Offline Offline





Ignore
« on: December 19, 2007, 12:07:28 PM »

Code:
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.

http://www.channelnewsasia.com/stories/singaporelocalnews/view/318235/1/.html

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.
Logged

devil's advocate


Advertisement



Pages: [1]   Go Up
  Print  
 
Jump to:  



Powered by MySQL Powered by PHP Powered by SMF 1.1.21 | SMF © 2006, Simple Machines
Simple Audio Video Embedder
Valid XHTML 1.0! Valid CSS!
Page created in 0.119 seconds with 20 queries.
About Punggol.sg Forum | Terms of Service
Hosted on Xssist™ Dedicated Server